William C. Carstanjen - Feb 15, 2023 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 15, 2023
Transactions value $
-$5,534,790
Form type
4
Date filed
2/17/2023, 03:14 PM
Previous filing
Jan 10, 2023
Next filing
Nov 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Award $0 +48.9K +7.45% $0.00 706K Feb 15, 2023 Direct F1
transaction CHDN Common Stock Tax liability -$5.53M -22.2K -3.14% $249.81 683K Feb 15, 2023 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 +13.6K +4.99% $0.00 287K Feb 15, 2023 Common Stock 13.6K Direct F2, F3
* 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, 2020 to December 31, 2022.
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, 2023, December 31, 2024 and December 31, 2025.
F3 Restricted stock vests over a multi-year period.