Robert L. Fealy - Apr 25, 2023 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role
Director
Signature
Paula Chumbley Attorney-in-Fact for Robert L. Fealy
Stock symbol
CHDN
Transactions as of
Apr 25, 2023
Transactions value $
$0
Form type
4
Date filed
4/27/2023, 04:51 PM
Previous filing
Jan 10, 2023
Next filing
Jan 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Award $0 +611 +1.04% $0.00 59.2K Apr 25, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Restricted stock granted in connection with 2023 director service which will vest one year from the anniversary of the grant date. The restrictions on the restricted stock will lapse upon vesting. The closing price of CHDN common stock on April 25, 2023, was used to determine the amount of restricted stock granted.
F2 Restricted stock does not have a conversion price or expiration date.
F3 Includes restricted stock and restricted stock units granted for service as a director and dividends awarded.