FTAI Infrastructure (FIP) director awarded 984 shares as equity pay

Rhea-AI Filing Summary

FTAI Infrastructure Inc. director Hamilton L. James reported receiving 984 shares of common stock on January 9, 2026. The shares were issued as compensation for services under the company’s Non-qualified Stock Option and Incentive Award Plan and related board resolutions, with an applicable closing share price of $5.08 on January 8, 2026. Following this award, he beneficially owns 8,400 common shares, held directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hamilton James L.

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS 45TH FLOOR

(Street)

NEW YORK NY 10105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FTAI Infrastructure Inc. [ FIP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	01/09/2026		A		984	A	$0(1)	8,400	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were issued to director as compensation for services provided to the Issuer in accordance with Issuer's Non-qualified Stock Option and Incentive Award Plan and the additional terms established by resolution of the Board of Directors. The applicable closing share price was $5.08 on January 8, 2026.

Remarks:

	/s/ Kevin Krieger, Attorney-in-fact	01/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did FTAI Infrastructure (FIP) report?

FTAI Infrastructure reported that director Hamilton L. James received 984 shares of common stock as compensation for board-related services.

What type of security did Hamilton L. James receive from FTAI Infrastructure (FIP)?

He received common stock, par value $0.01 per share, of FTAI Infrastructure Inc.

On what date were the 984 FTAI Infrastructure (FIP) shares granted to the director?

The shares were granted on January 9, 2026, as shown in the transaction details.

What was the reference market price for the FTAI Infrastructure (FIP) share grant?

The footnote states that the applicable closing share price was $5.08 on January 8, 2026.

How many FTAI Infrastructure (FIP) shares does the director own after this transaction?

After receiving the award, Hamilton L. James beneficially owns 8,400 FTAI Infrastructure common shares, held directly.

Was this FTAI Infrastructure (FIP) insider transaction a purchase for cash?

No. The Form 4 shows a transaction code A at a price of $0.00 per share, indicating the shares were issued as compensation, not bought for cash.