Real Estate
FRP Holdings Executive Compensation (FY25)
FRPH · Jacksonville, FL · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ John Baker III | Latest say-on-pay support = May 12, 2026 |
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Data as of October 22, 2026Latest filing (8-K): May 13, 2026
15 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
Velarion Member, one year
175 figures on this page: 164 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — John Baker III: $1,197,005 → $1,181,300 (1.3% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is FRP Holdings' chief executive and what were they paid?
Total compensation for John Baker III, Chief Executive Officer until May 8, 2024, came to $1,181,300 in fiscal 2025. Baker III's total moved 1.3% lower from the $1,197,005 reported for fiscal 2024.
What was FRP Holdings' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 97.7% of votes cast for or against in favor at the meeting held May 12, 2026.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David deVilliers President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Baker Chief Executive Officer until May 8, 2024 | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David deVilliers President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Baker Chief Executive Officer until May 8, 2024 | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David deVilliers III President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
David H. deVilliers, Jr. President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Baker III Chief Executive Officer until May 8, 2024 | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Matthew McNulty Chief Financial Officer starting May 31, 2024 | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John D. Baker II Chief Executive Officer until May 8, 2024 | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David deVilliers III Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Baker III Chief Executive Officer until May 8, 2024 | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Matthew McNulty Chief Financial Officer starting May 31, 2024 | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| David H. deVilliers, Jr. | RSA | — | — | — | ◇ | — | — | ◇ |
| David H. deVilliers, Jr. | PSA | — | — | ◇ | — | — | — | ◇ |
| John Baker III | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| John Baker III | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| Matthew McNulty | OTHER | — | — | — | — | — | — | — |
| Matthew McNulty | PRSU | ◇ | — | — | ◇ | — | — | ◇ |
| Matthew McNulty | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| Matthew McNulty | PRSU | ◇ | — | — | ◇ | — | — | ◇ |
| Matthew McNulty | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| Matthew McNulty | RSA | ◇ | — | — | ◇ | — | — | ◇ |
| Matthew McNulty | PRSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| John Baker III | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
David H. deVilliers Jr | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
John D. Baker III | ◇ | ◇ | — | — | — | ◇ | ◇ |
John D. Baker II Board chair | ◇ | ◇ | — | — | — | ◇ | ◇ |
John S. Surface | ◇ | ◇ | — | — | — | — | ◇ |
Matthew S. McAfee Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Martin E. Stein Jr | ◇ | ◇ | — | — | — | — | ◇ |
William H. Walton III | ◇ | ◇ | — | — | — | — | ◇ |
Nicole B. Thomas | ◇ | ◇ | — | — | — | — | ◇ |
Margaret B. Wetherbee | ◇ | ◇ | — | — | — | — | ◇ |
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Board meeting fee | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 12, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 12, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 8, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 10, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 11, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 3, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 6, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 6, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 14, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | February 1, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | February 3, 2016 | = | ◇ | ◇ | ◇ |
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Sample answer — “What is the CEO’s total compensation?”
- John Baker III (Chief Executive Officer until May 8, 2024), FY2025 total compensation $1,181,300 (base salary $411,000) [exec_comp, SEC accession 0000844059-26-000041, filed 2026-04-16]What this page does not include
Everything above is a fact FRP Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
175 figures on this page: 164 cited to the filing that reported them, 11 calculated from figures it prints.
164 cited to the filing
11 calculated from the filing
Documents cited
- 0000844059-26-000060237 2,614,214 331,533 0 3. The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers: Votes For Votes Against Votes Abstain Broker Non-Votes
- 0000844059-26-000041DIRECTOR COMPENSATION · NON-EMPLOYEE DIRECTOR COMPENSATION · Outstanding Equity Awards at Fiscal Year-End · Summary Compensation Table
- 0000844059-25-000018
- 0000844059-25-000010Summary Compensation Table
- 0000844059-24-000034
- 0001140361-24-015718Summary Compensation Table
- 0000844059-23-000022Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001387131-23-004016Summary Compensation Table
- 0000844059-22-000020
- 0000844059-21-000014
- 0000844059-20-000020
- 0001474506-19-000095
- 0001474506-18-000032
- 0001474506-17-000020
- 0001474506-16-000201Say-on-Pay Proposal
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This page is free to cite. Attribution we ask for:
Velarion, “FRP Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FRPH (accessed 2026).
Short form: data: Velarion
The FRP Holdings brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}