William C. Carstanjen - Oct 31, 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
Oct 31, 2022
Transactions value $
-$7,234,228
Form type
4
Date filed
11/2/2022, 04:24 PM
Previous filing
Feb 14, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Options Exercise $0 +76K +12.4% $0.00 689K Oct 31, 2022 Direct
transaction CHDN Common Stock Tax liability -$7.23M -34.8K -5.05% $207.91 654K Oct 31, 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 Options Exercise $0 -76K -21.45% $0.00 278K Oct 31, 2022 Common Stock 76K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Service based performance stock units do not have a conversion price or expiration date, and will be settled in common stock vesting over a multi-year period.
F2 These service based performance stock units vested as of October 30, 2022, and were settled on October 31, 2022.