Form 4: Churchill Downs Director Bridgeman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Ulysses L. Bridgeman Jr. reports acquisition and disposal of Churchill Downs Inc. common stock and phantom share units.
Summary
- Ulysses L. Bridgeman Jr., a director of Churchill Downs Inc., filed a Form 4 detailing changes in his beneficial ownership.
- The report includes the acquisition of 90.44 common stock shares and the disposal of an unspecified amount of shares.
- These transactions involve phantom share units awarded as deferred compensation and restricted stock units granted for service as a director.
- The closing price of CHDN common stock on June 28, 2024, 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, totaling 51,432.06 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Closing price of CHDN common stock used to determine phantom shares awarded. |
| 06/30/2024 | Date of earliest transaction: acquisition of common stock. |
| 07/02/2024 | Date of signature by Attorney-in-Fact Paula Chumbley. |
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