X0306 4 2021-03-16 0 0001590364 Fortress Transportation & Infrastructure Investors LLC FTAI 0001672945 Nicholson Kenneth J. 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105 1 0 0 0 Stock Option (right to buy) 12.72 2021-03-16 4 A 0 225 0.00 A 2030-07-06 Common Stock, par value $0.01 per share 225 225 D Stock Option (right to buy) 12.71 2021-03-16 4 A 0 75 0.00 A 2030-07-07 Common Stock, par value $0.01 per share 75 75 D Stock Option (right to buy) 12.94 2021-03-16 4 A 0 71 0.00 A 2030-07-08 Common Stock, par value $0.01 per share 71 71 D Stock Option (right to buy) 12.94 2021-03-16 4 A 0 71 0.00 A 2030-07-13 Common Stock, par value $0.01 per share 71 71 D Stock Option (right to buy) 13.27 2021-03-16 4 A 0 69 0.00 A 2030-07-14 Common Stock, par value $0.01 per share 69 69 D Stock Option (right to buy) 14.75 2021-03-16 4 A 0 950 0.00 A 2030-07-29 Common Stock, par value $0.01 per share 950 950 D Stock Option (right to buy) 14.49 2021-03-16 4 A 0 68 0.00 A 2030-07-30 Common Stock, par value $0.01 per share 68 68 D Stock Option (right to buy) 14.86 2021-03-16 4 A 0 198 0.00 A 2030-07-31 Common Stock, par value $0.01 per share 198 198 D Stock Option (right to buy) 15.10 2021-03-16 4 A 0 63 0.00 A 2030-08-04 Common Stock, par value $0.01 per share 63 63 D Stock Option (right to buy) 14.89 2021-03-16 4 A 0 195 0.00 A 2030-08-05 Common Stock, par value $0.01 per share 195 195 D Stock Option (right to buy) 15.00 2021-03-16 4 A 0 259 0.00 A 2030-08-06 Common Stock, par value $0.01 per share 259 259 D Stock Option (right to buy) 15.72 2021-03-16 4 A 0 248 0.00 A 2030-08-07 Common Stock, par value $0.01 per share 248 248 D Stock Option (right to buy) 16.83 2021-03-16 4 A 0 696 0.00 A 2030-08-10 Common Stock, par value $0.01 per share 696 696 D Stock Option (right to buy) 16.90 2021-03-16 4 A 0 870 0.00 A 2030-08-11 Common Stock, par value $0.01 per share 870 870 D Stock Option (right to buy) 16.93 2021-03-16 4 A 0 816 0.00 A 2030-08-12 Common Stock, par value $0.01 per share 816 816 D Stock Option (right to buy) 16.95 2021-03-16 4 A 0 358 0.00 A 2030-08-13 Common Stock, par value $0.01 per share 358 358 D Stock Option (right to buy) 17.06 2021-03-16 4 A 0 178 0.00 A 2030-08-14 Common Stock, par value $0.01 per share 178 178 D Stock Option (right to buy) 16.98 2021-03-16 4 A 0 298 0.00 A 2030-08-17 Common Stock, par value $0.01 per share 298 298 D Stock Option (right to buy) 17.27 2021-03-16 4 A 0 176 0.00 A 2030-08-18 Common Stock, par value $0.01 per share 176 176 D Stock Option (right to buy) 16.77 2021-03-16 4 A 0 364 0.00 A 2030-08-19 Common Stock, par value $0.01 per share 364 364 D Stock Option (right to buy) 16.63 2021-03-16 4 A 0 369 0.00 A 2030-08-20 Common Stock, par value $0.01 per share 369 369 D Stock Option (right to buy) 16.72 2021-03-16 4 A 0 183 0.00 A 2030-08-21 Common Stock, par value $0.01 per share 183 183 D Stock Option (right to buy) 16.59 2021-03-16 4 A 0 117 0.00 A 2030-08-25 Common Stock, par value $0.01 per share 117 117 D Stock Option (right to buy) 16.92 2021-03-16 4 A 0 230 0.00 A 2030-08-26 Common Stock, par value $0.01 per share 230 230 D Stock Option (right to buy) 16.62 2021-03-16 4 A 0 941 0.00 A 2030-08-27 Common Stock, par value $0.01 per share 941 941 D Stock Option (right to buy) 16.10 2021-03-16 4 A 0 548 0.00 A 2030-08-28 Common Stock, par value $0.01 per share 548 548 D Stock Option (right to buy) 16.04 2021-03-16 4 A 0 181 0.00 A 2030-08-31 Common Stock, par value $0.01 per share 181 181 D Stock Option (right to buy) 16.03 2021-03-16 4 A 0 4182 0.00 A 2030-09-01 Common Stock, par value $0.01 per share 4182 4182 D Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's manager (or an affiliate of the Company's manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the manager being cancelled. Upon the grant of options to the manager (or an affiliate), such options are fully vested and become exercisable over a 30-month period (the "Total Exercisability Period") in monthly installments beginning on the first of each month following the month in which the options were granted. (Continued in Footnote 2) When tandem awards are granted with respect to manager options, the manager options become exercisable in monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of manager options not subject to corresponding tandem options to the total number of manager options (including manager options underlying such tandem awards subject to corresponding tandem options) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in monthly installments on the first of each month over the remainder of the Total Exercisability Period and become exercisable only at the end of the Total Exercisability Period. Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option. Tandem awards will be settled in an amount of cash equal to the excess of the fair market value of a share of our common stock on the date of exercise over the fair market value on the date of grant, unless advance approval is given by the Board of Directors or an officer of the Company, as applicable, to settle the tandem awards in shares. /s/ Cameron MacDougall, as Attorney-in-fact 2021-03-17