R. Rankin - Apr 26, 2022 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role
Director
Signature
Paula Chumbley Attorney-in-Fact for Alex R. Rankin
Stock symbol
CHDN
Transactions as of
Apr 26, 2022
Transactions value $
$0
Form type
4
Date filed
4/27/2022, 04:36 PM
Previous filing
Jan 11, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Award $0 +767 +1.72% $0.00 45.4K Apr 26, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units granted in connection with 2022 director service which will vest one year from the anniversary of the grant date. Each restricted stock unit is the economic equivalent of one share of common stock. The vested restricted stock units are transferred upon the reporting person's completion of service as a director. The closing price of CHDN common stock on April 26, 2022, was used to determine the number of restricted stock units granted.
F2 Restricted stock units do not have a conversion price or expiration date.
F3 Includes restricted stock units granted for service as a director and dividends awarded for such units. The equivalent shares of common stock related to the vested units will be transferred upon the reporting person's completion of service as a director.