William E. Mudd - Oct 30, 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
Oct 30, 2023
Transactions value $
-$4,765,913
Form type
4
Date filed
11/1/2023, 07:20 PM
Previous filing
Mar 3, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHDN Common Stock Options Exercise $0 +95K +17.18% $0.00 648K Oct 30, 2023 Direct F1
transaction CHDN Common Stock Tax liability -$4.77M -43.7K -6.75% $108.98 604K Oct 30, 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 Options Exercise $0 -95K -30.58% $0.00 216K Oct 30, 2023 Common Stock 95K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 19, 2023, Churchill Downs Incorporated effected a 2-for-1 stock split. The number of securities reported in this Form 4 have been adjusted to reflect the stock split. The reporting person is voluntarily reporting the acquisition of 238 shares acquired under the Churchill Downs Incorporated Employee Stock Purchase Plan for the period August 1, 2022 through July 31, 2023.
F2 Service based performance stock units do not have a conversion price or expiration date, and will be settled in common stock vesting over a multi-year period.
F3 These service based performance stock units vested as of October 30, 2023, and were settled on October 30, 2023.