Baker John D. III 4

What Happened

• John D. Baker III, CEO and Director of FRP Holdings (FRPH), was reported as the recipient of a gift of 48,721 common shares on 2026-02-12. The transaction price is reported as $0.00, so the reported transaction value is $0.
• The filing shows the shares were distributed in connection with the termination of a grantor retained annuity trust (GRAT) and placed into the John D. Baker II 2018 Irrevocable Trust for the benefit of John D. Baker III. The Reporting Person is a co-trustee and the sole beneficiary of that trust.

Key Details

• Transaction date: 2026-02-12 (Gift, code G); filing date: 2026-02-17.
• Shares transferred: 48,721; price per share: $0.00; reported transaction value: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Distribution resulted from termination of John D. Baker II’s GRAT and transfer into an irrevocable trust benefiting John D. Baker III; he is co‑trustee and sole beneficiary.
• Filing timeliness: Form 4 was filed Feb 17 for a Feb 12 transaction; no late filing or delinquency is indicated in the provided data.

Context

• This was a gift/transfer into a trust, not an open-market sale or purchase—such transfers are often estate or trust planning moves and don’t necessarily reflect the insider’s view on the company’s stock price.
• For investors, purchases are usually more informative about insider confidence; gifts and intra-family or trust transfers are typically administrative or estate-planning related.