Marcia A. Dall - Feb 10, 2022 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role: EVP, and Chief Financial Offic
Signature: Paula Chumbley as Attorney-in-Fact for Marcia A. Dall
Stock symbol: CHDN
Transactions as of: Feb 10, 2022
Transactions value $: -$1,096,663
Form type: 4
Date filed: 2/14/2022, 04:10 PM
Previous filing: Jan 4, 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	Award	$0	+11.8K	+23.74%	$0.00	61.4K	Feb 10, 2022	Direct	F1
transaction	CHDN	Common Stock	Tax liability	-$1.1M	-4.89K	-7.95%	$224.45	56.5K	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	+4.9K	+77.69%	$0.00	11.2K	Feb 10, 2022	Common Stock	4.9K		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 6.999 shares.