Form 4: Churchill Downs Director Andrea Carter Acquires Shares as Part of Director Service Compensation

Director Andrea Carter acquired 1,255.06 shares of Churchill Downs Inc. common stock as part of her 2024 director service compensation.

Summary

• On April 23, 2024, Andrea Carter, a director of Churchill Downs Inc., acquired 1,255.06 shares of common stock.
• The acquisition was part of her 2024 director service compensation.
• The shares were granted as restricted stock, which will vest one year from the grant date.
• The closing price of CHDN common stock on April 23, 2024, was used to determine the amount of restricted stock granted.
• Following the transaction, Carter beneficially owns 3,343.75 shares, including restricted stock and 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 restricted stock units will be transferred upon the reporting person's completion of service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, which can be seen as a sign of confidence in the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock will vest one year from the grant date.

Industry Context

This filing is a routine disclosure related to director compensation in the form of company stock, a common practice among publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include stock grants to align the interests of directors with those of shareholders.
• The vesting period of one year is a standard practice for restricted stock grants.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates