Form 4: Churchill Downs Director Douglas Grissom Reports Acquisition and Disposal of Common Stock

Director Douglas Grissom reports acquiring phantom share units and disposing of common stock holdings in Churchill Downs Inc.

Summary

• On September 30, 2024, Douglas Grissom, a director of Churchill Downs Inc., reported acquiring phantom share units and disposing of common stock.
• The acquisition involved phantom share units awarded in connection with deferred compensation, with each unit equivalent to one share of common stock.
• The closing price of CHDN common stock on September 30, 2024, was $223.73, which was used to determine the number of phantom shares awarded.
• Grissom's holdings include restricted stock units granted for service as a director, phantom share units granted in connection with deferred compensation elections, and dividends awarded for each unit.
• The reported transaction resulted in Grissom beneficially owning 26,211.72 shares of common stock following the reported transactions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The shares of common stock are transferred upon the reporting person's completion of service as a director.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates