Stepp Scott Adams 4
4 · CKX LANDS, INC. · Filed Mar 22, 2024
Insider Transaction Report
Form 4
Stepp Scott Adams
Chief Financial Officer
Transactions
- Exercise/Conversion
Performance Shares
2024-02-12−25,880→ 98,449 totalExp: 2024-07-15→ Common Stock (25,880 underlying) - Tax Payment
Common Stock
2024-02-12$13.00/sh−8,033$104,429→ 60,543 total - Exercise/Conversion
Common Stock
2024-02-12+25,880→ 68,576 total
Footnotes (2)
- [F1]Each unvested performance share represents a contingent right to receive one share of the Issuer's common stock. Various percentages of the performance share award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, prices of $13, $14, $14.50 and $15 per share. The performance period is July 15, 2020 to July 15, 2024.
- [F2]The Issuer's common stock met the $13 trading price target on February 12, 2024, and 18.47% of the award vested on that date.