Scott Adams Stepp - Feb 12, 2024 Form 4 Insider Report for CKX LANDS, INC. (CKX)

Role
Chief Financial Officer
Signature
/s/ Scott A. Stepp
Stock symbol
CKX
Transactions as of
Feb 12, 2024
Transactions value $
-$104,429
Form type
4
Date filed
3/22/2024, 06:04 PM
Previous filing
Aug 9, 2023
Next filing
Jul 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CKX Common Stock Options Exercise $0 +25.9K +60.61% $0.00 68.6K Feb 12, 2024 Direct
transaction CKX Common Stock Tax liability -$104K -8.03K -11.71% $13.00 60.5K Feb 12, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CKX Performance Shares Options Exercise $0 -25.9K -20.82% $0.00 98.4K Feb 12, 2024 Common Stock 25.9K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.