William C. Carstanjen - Feb 10, 2022 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: Feb 10, 2022
Transactions value $: -$6,375,053
Form type: 4
Date filed: 2/14/2022, 04:10 PM
Previous filing: Jan 4, 2022
Next filing: Nov 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHDN	Common Stock	Award	$0	+63.2K	+10.94%	$0.00	641K	Feb 10, 2022	Direct	F1
transaction	CHDN	Common Stock	Tax liability	-$6.38M	-28.4K	-4.43%	$224.45	613K	Feb 10, 2022	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	Award	$0	+14.7K	+4.33%	$0.00	354K	Feb 10, 2022	Common Stock	14.7K		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the settlement of performance share units with respect to the performance period January 1, 2019 to December 31, 2021.
F2	Restricted stock units do not have a conversion price or expiration date and will be settled in common stock vesting in one-third increments on each of December 31, 2022, December 31, 2023 and December 31, 2024.
F3	Restricted stock vests over a multi-year period.
F4	Balance adjusted to correct an administrative error. As a result of this adjustment, the number of shares beneficially owned by the reporting person reflects an increase of 45.877 shares.