Form 4: Churchill Downs Director Andrea Carter Receives Stock Grant

Director Andrea Carter receives restricted stock units from Churchill Downs Inc. for director service.

Summary

• On April 24, 2025, Andrea Carter, a director of Churchill Downs Inc., acquired 2,329.81 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted in connection with her 2025 director service and will vest one year from the grant date.
• The grant was awarded at a price of $0 per share.
• Following the transaction, Carter beneficially owns 5,683.85 shares of Churchill Downs Inc.
• 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 document reflects a routine transaction of stock grants to a director, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The director's continued service is incentivized through the vesting schedule.

Future Outlook

The restricted stock units will vest one year from the grant date, contingent on continued service as a director.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies to align their interests with those of shareholders.
• The amount of equity granted to directors varies widely based on company size, industry, and individual contributions.
• Comparable companies in the gaming and entertainment sector, such as MGM Resorts International and Las Vegas Sands, also utilize equity-based compensation for their board members.

Stakeholder Impact

• Shareholders may view this positively as it aligns the director's interests with the company's long-term success.
• The director is incentivized to continue providing valuable service to the company.

Key Dates

Keywords

Churchill Downs Inc, Director, Andrea Carter, Restricted Stock Units, Beneficial Ownership, CHDN