Form 4: Churchill Downs Director Robert Fealy Acquires Restricted Stock Units

Director Robert L. Fealy acquired 1,255.06 restricted stock units of Churchill Downs Inc. on April 23, 2024, related to his director service.

Summary

• Robert L. Fealy, a director of Churchill Downs Inc., acquired 1,255.06 restricted stock units on April 23, 2024.
• These restricted stock units were granted in connection with his 2024 director service and will vest one year from the grant date.
• Each restricted stock unit is equivalent to one share of common stock.
• The closing price of CHDN common stock on April 23, 2024, was used to determine the number of restricted stock units granted.
• Fealy directly owns 119,942.062 shares of common stock, including restricted stock and restricted stock 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: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative events or concerns.

Positives

• The acquisition of restricted stock units aligns the director's interests with the company's performance.

Future Outlook

The restricted stock units will vest one year from the grant date, contingent on continued service as a director.

Industry Context

This filing is a routine disclosure of a director's acquisition of company stock, which is common practice for aligning management and shareholder interests.

Stakeholder Impact

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.

Next Steps

• The restricted stock units will vest one year from the grant date, contingent on continued service as a director.
• 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.

Key Dates