Stock grant boosts stake of Canterbury Park (CPHC) board director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCHRAMM DAMON E. reported acquisition or exercise transactions in this Form 4 filing.
Canterbury Park Holding Corp director Damon E. Schramm received a grant of 2,547 shares of common stock. The award is a deferred stock grant that will vest at the company’s 2027 Annual Meeting of Shareholders and be delivered one year after vesting. The number of shares was based on the $15.70 closing price on June 4, 2026. Following this award, his direct holdings total 8,769 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SCHRAMM DAMON E.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,547 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,769 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Director stock grant: 2,547 shares
Grant price per share: $0.00
Reference closing price: $15.70
+3 more
6 metrics
Director stock grant
2,547 shares
Deferred stock award on June 4, 2026
Grant price per share
$0.00
Non-cash equity award
Reference closing price
$15.70
Closing price used on June 4, 2026 to size award
Holdings after transaction
8,769 shares
Director’s direct common stock position post-award
Vesting event
2027 Annual Meeting
Award vests at 2027 Annual Meeting of Shareholders
Delivery timing
1 year after vesting
Shares delivered one year after the 2027 vesting date
Key Terms
Deferred stock award, vesting, Annual Meeting of Shareholders, closing price, +1 more
5 terms
Deferred stock award financial
"Deferred stock award vesting at the Company's 2027 Annual Meeting of Shareholders"
A deferred stock award is company stock granted to employees or executives but delivered or allowed to be sold at a later date, often after meeting time or performance conditions. For investors, it matters because these promised shares can increase the number of outstanding shares (dilution) and reveal how management is being paid and motivated; think of it as a delayed paycheck in stock form that aligns long-term incentives.
vesting financial
"Deferred stock award vesting at the Company's 2027 Annual Meeting of Shareholders"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
closing price financial
"The number of shares to be issued was determined based on the closing price of $15.70"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.