Form 4: Churchill Downs Director Douglas Grissom Reports Changes in Beneficial Ownership

Director Douglas Grissom reports acquisition and disposal of Churchill Downs Inc. common stock and phantom share units related to deferred compensation and restricted stock units.

Summary

• Douglas C. Grissom, a director of Churchill Downs Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On December 31, 2024, Grissom acquired 246.18 phantom share units related to deferred compensation.
• These phantom share units are economically equivalent to shares of common stock and will be transferred upon completion of service as a director.
• The closing price of CHDN common stock on December 31, 2024, was used to determine the number of phantom shares awarded.
• Grissom also disposed of an unspecified amount of common stock.
• Following the reported transactions, Grissom beneficially owns 26,457.9 shares of common stock, comprised of restricted stock units, phantom share units, and dividends awarded for each unit.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment.

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 Grissom's holdings of Churchill Downs stock and related instruments.

Stakeholder Impact

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

Key Dates