Form 4: Canterbury Park Holding Corp Director Damon E. Schramm Acquires Deferred Stock Award

Director Damon E. Schramm acquired 1,789 shares of Canterbury Park Holding Corp common stock as a deferred stock award.

Summary

• On June 6, 2024, Damon E. Schramm, a director of Canterbury Park Holding Corp, acquired 1,789 shares of common stock.
• The acquisition was a deferred stock award.
• The shares were priced at $0.
• Following the transaction, Schramm directly owns 3,951 shares of Canterbury Park Holding Corp.
• The deferred stock award will vest at the Company's 2025 Annual Meeting of Shareholders, but will not be delivered until one year from the vesting date.
• The number of shares issued was determined based on the closing price of $22.35 as of June 6, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock award. Insider ownership can be viewed positively, but this is a small amount.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The deferred stock award will vest at the Company's 2025 Annual Meeting of Shareholders, but will not be delivered until one year from the vesting date.

Industry Context

This is a standard SEC Form 4 filing, reporting a change in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to increased insider ownership.

Key Dates