Form 4: Churchill Downs Director Paul Varga Acquires Shares Through Restricted Stock Grant

Director Paul Varga acquired 1,255.06 shares of Churchill Downs Inc. common stock through a restricted stock grant related to his 2024 director service.

Summary

• Paul C. Varga, a director of Churchill Downs Inc., acquired 1,255.06 shares of common stock on April 23, 2024.
• The acquisition was a grant of restricted stock in connection with his 2024 director service.
• The restricted stock will vest one year from the grant date.
• The price of the restricted stock was $0 at the time of the grant.
• Following the transaction, Varga beneficially owns 25,102.23 shares of Churchill Downs Inc.
• These holdings include restricted stock and restricted stock units granted for service as a director and dividends awarded for such units.
• The equivalent shares of common stock related to the vested restricted stock units will be transferred upon the reporting person's completion of service as a director.

Sentiment

Score: 6

Explanation: Routine director stock grant, neutral impact.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The restricted stock will vest one year from the anniversary of the grant date.

Industry Context

Director stock ownership is common and aligns management interests with shareholders.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates