McNulty Matthew C. 4

What Happened Matthew C. McNulty, Chief Financial Officer of FRP Holdings, reported a disposition to the issuer on March 10, 2026: 418 shares were returned/forfeited to the company at $0.00 per share (total proceeds $0). This was not an open-market sale or purchase but a forfeiture of restricted stock tied to performance criteria.

Key Details

• Transaction date: 2026-03-10 — 418 shares @ $0.00 (Disposition to issuer, code D)
• Filing date: Form 4 filed 2026-03-12 (reports the March 10 transaction)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: Forfeiture of restricted stock originally granted Jan 1, 2024 due to the issuer not meeting target performance criteria (Footnote F1)
• No 10b5-1 plan, tax-withholding, or late-filing flag noted in the supplied information

Context A disposition to the issuer at $0.00 typically reflects forfeiture or return of unvested or performance-conditioned restricted shares when targets aren’t met — it is not a cash sale and does not indicate the insider sold shares into the market. For retail investors, such forfeitures reduce insider holdings but are administrative outcomes of award terms rather than a direct signal of insider sentiment.