FRP director reports trust share distribution
FRP Holdings director John D. Baker II reported trust-related share transfers in FRP Holdings, Inc. common stock.
Rhea-AI Filing Summary
FRP Holdings director John D. Baker II reported trust-related share transfers in FRP Holdings, Inc. common stock. A grantor retained annuity trust distributed 97,442 shares as a bona fide gift to irrevocable trusts for his children in connection with the trust’s termination.
The amended filing also updates his indirect beneficial ownership to 123,534 shares held in a grantor retained annuity trust and 154,117 shares held in a revocable living trust, reflecting corrected post-distribution amounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 97,442 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. The reported disposition reflects a distribution of shares in connection with the termination of the Reporting Person's grantor retained annuity trust. The shares were distributed to irrevocable trusts for the benefit of the Reporting Person's children.
- F2. This item was amended to reflect the correct amount of securities beneficially owned following the reported disposition.
- F3. This item was amended to reflect that 118,710 shares were distributed to the Reporting Person's Revocable Living Trust in connection with the termination of the Reporting Person's grantor retained annuity trust
FAQ
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What insider activity did FRP Holdings (FRPH) report in this Form 4/A?
What do the footnotes in the FRP Holdings (FRPH) Form 4/A explain?
Was the FRP Holdings (FRPH) transaction a sale or a gift?
Why was this FRP Holdings (FRPH) insider filing amended (Form 4/A)?
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