William C. Carstanjen - Nov 11, 2021 Form 4 Insider Report for Churchill Downs Inc (CHDN)

Role
Chief Executive Officer
Signature
Paula Chumbley as Attorney-in-Fact for William C. Carstanjen
Stock symbol
CHDN
Transactions as of
Nov 11, 2021
Transactions value $
$0
Form type
4
Date filed
11/12/2021, 05:18 AM
Next filing
Jan 4, 2022

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 +255K +268.5% $0.00 350K Nov 11, 2021 Common Stock 255K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Service-based performance stock units do not have a conversion price or expiration date and will be settled in common stock vesting in one-quarter increments on each of October 29, 2022, October 29, 2023, October 29, 2024, and October 29, 2025.
F2 Represents service-based stock units subject to a performance-based stock unit award that became derivative securities upon the certification of the achievement of the underlying performance goals on November 11, 2021, and which remain subject to service-based vesting conditions over a multi-year period as described in footnote 1.