Bausch Maureen Hooley 4
Research Summary
AI-generated summary
Canterbury Park (CPHC) Director Maureen Bausch Receives Award
What Happened
Maureen Hooley Bausch, a director of Canterbury Park Holding Corp (CPHC), was granted a deferred stock award of 2,547 shares on June 4, 2026. The Form 4 reports the acquisition price as $0.00 (award/grant). The company determined the shares based on the June 4, 2026 closing price of $15.70, which implies an estimated value of $39,987.90 (≈$40k) at that date. This was a compensation award (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (filed timely under the usual two-business-day rule).
- Transaction type/code: Award/Grant (A). Reported acquisition price: $0.00.
- Shares granted: 2,547. Implied value based on $15.70 close: $39,987.90 (~$40k).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: The award is a deferred stock award that vests at the company's 2027 Annual Meeting of Shareholders and will not be delivered until one year after the vesting date; the number of shares was determined using the $15.70 closing price on June 4, 2026.
Context
This is a standard director compensation grant (deferred stock award) and does not represent an open-market buy or sell. Deferred awards are common for aligning director incentives with shareholders over time; they do not necessarily indicate immediate trading sentiment.