William E. Mudd - Feb 15, 2023 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role
President and COO
Signature
Paula Chumbley Attorney-in-Fact for William E. Mudd
Stock symbol
CHDN
Transactions as of
Feb 15, 2023
Transactions value $
-$2,557,555
Form type
4
Date filed
2/17/2023, 03:15 PM
Previous filing
Jan 4, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Award $0 +22.2K +7.08% $0.00 336K Feb 15, 2023 Direct F1, F2
transaction CHDN Common Stock Tax liability -$2.56M -10.2K -3.04% $249.81 326K 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 +6.01K +4.02% $0.00 155K Feb 15, 2023 Common Stock 6.01K Direct 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, 2020 to December 31, 2022.
F2 Includes 134 shares acquired under the Churchill Downs Incorporated Employee Stock Purchase Plan for the period from August 1, 2021 through July 31, 2022.
F3 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.
F4 Restricted stock vests over a multi-year period.