Form 4: Churchill Downs Director Bridgeman Reports Changes in Beneficial Ownership

Director Ulysses L. Bridgeman Jr. reports acquisition and disposal of Churchill Downs Inc. common stock and phantom share units on December 31, 2024.

Summary

• Ulysses L. Bridgeman Jr., a director of Churchill Downs Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The reported transactions occurred on December 31, 2024.
• Bridgeman acquired phantom share units as deferred compensation, with each unit equivalent to one share of common stock.
• He also disposed of some holdings.
• The closing price of CHDN common stock on December 31, 2024, was $94.54, which was used to determine the number of phantom shares awarded.
• Bridgeman's holdings include restricted stock units, phantom share units, and dividends awarded for each unit.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by a company insider.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Director Bridgeman's holdings of Churchill Downs Inc. stock and related instruments.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates