Form 4: Churchill Downs Director Douglas Grissom Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Douglas Grissom reports acquisition of phantom share units and adjustments to holdings of Churchill Downs Inc. common stock.
Summary
- On June 30, 2024, Douglas C. Grissom, a director of Churchill Downs Inc. (CHDN), reported changes in beneficial ownership.
- Grissom acquired phantom share units equivalent to 203.26 shares of common stock as deferred compensation.
- The closing price of CHDN common stock on June 28, 2024, was used to determine the number of phantom shares awarded.
- Following the reported transactions, Grissom beneficially owns 25,987.99 shares of common stock.
- These holdings include restricted stock units, phantom share units, and dividends awarded for each unit.
Sentiment
Score: 5
Explanation: This is a routine filing related to director compensation and stock ownership, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the equity ownership of a key company director.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Closing price of CHDN common stock used to determine phantom share units. |
| 06/30/2024 | Date of transaction: acquisition of phantom share units. |
| 07/02/2024 | Date of report filing. |
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