William C. Carstanjen - Dec 31, 2021 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role
Chief Executive Officer
Signature
Paula Chumbley as Attorney-in-Fact for William C. Carstanjen
Stock symbol
CHDN
Transactions as of
Dec 31, 2021
Transactions value $
-$3,858,254
Form type
4
Date filed
1/4/2022, 03:08 PM
Previous filing
Nov 12, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Options Exercise $0 +10.8K +1.89% $0.00 583K Dec 31, 2021 Direct
transaction CHDN Common Stock Tax liability -$1.25M -5.2K -0.89% $240.90 578K Dec 31, 2021 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 CHDN Restricted Stock Units Options Exercise -$2.61M -10.8K -3.09% $240.90 339K Dec 31, 2021 Common Stock 10.8K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units do not have a conversion price or expiration date.
F2 These RSUs vested as of December 31, 2021, with an additional portion of RSUs deferred under the Churchill Downs Incorporated RSU Deferral Plan. Shares of common stock will be delivered to the reporting person as per the terms of the deferral election.
F3 Includes deferred restricted stock units acquired pursuant to a dividend equivalent reinvestment feature of the RSU Deferral Plan.