SCHRAMM DAMON E. 4
Research Summary
AI-generated summary
Canterbury Park (CPHC) Director Damon E. Schramm Receives Award
What Happened Damon E. Schramm, a director of Canterbury Park Holding Corp (CPHC), was granted a deferred stock award of 2,547 shares on 2026-06-04. The grant is reported as an acquisition (award) at $0.00 per share; the filing states the shares were determined using the $15.70 closing price on June 4, 2026, implying an approximate grant value of $39,987.90. This is a compensation award (not an open-market purchase or sale) and does not represent an immediate cash outlay or sale.
Key Details
- Transaction date: 2026-06-04; Filing date: 2026-06-08 (timely; within two business days).
- Transaction type/code: A = Award/Grant; Price reported: $0.00 (award).
- Shares granted: 2,547; Implied value based on $15.70 close: ≈ $39,987.90.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Award vests at the Company's 2027 Annual Meeting of Shareholders but will not be delivered until one year after the vesting date (issuable later).
Context This is a deferred equity compensation award to a director — a routine form of director pay rather than a market purchase or sale. Because the award vests in 2027 and delivery is delayed another year, the shares will not be immediately tradable, which limits any immediate trading signal.