William C. Carstanjen - 10 Feb 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
Issuer symbol: CHDN
Transactions as of: 10 Feb 2022
Net transactions value: -$6,375,053
Form type: 4
Filing time: 14 Feb 2022, 16:10:34 UTC
Previous filing: 04 Jan 2022
Next filing: 02 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHDN	Common Stock	Award	$0	+63,219	+11%	$0.000000	641,232	10 Feb 2022	Direct	F1
transaction	CHDN	Common Stock	Tax liability	$6,375,053	-28,403	-4.4%	$224.45	612,829	10 Feb 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	+14,703	+4.3%	$0.000000	354,144	10 Feb 2022	Common Stock	14,703		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.