Form 4: Churchill Downs Director Ulysses L. Bridgeman Jr. Reports Acquisition of Common Stock

Director Ulysses L. Bridgeman Jr. acquired 1,255.06 shares of Churchill Downs Inc. common stock through restricted stock units granted for director service.

Summary

• Ulysses L. Bridgeman Jr., a director of Churchill Downs Inc., reported the acquisition of 1,255.06 shares of common stock on April 23, 2024.
• The acquisition was in the form of restricted stock units granted in connection with his 2024 director service.
• These restricted stock units will vest one year from the grant date.
• The price of the restricted stock units was $0, and the closing price of CHDN common stock on April 23, 2024, was used to determine the number of units granted.
• Following the transaction, Bridgeman beneficially owns 51,341.62 shares of Churchill Downs Inc.
• These holdings include restricted stock units granted for service as a director and dividends awarded for such units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, and the acquisition of shares by a director is generally viewed as a positive, but not significantly so.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

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

Industry Context

This filing is a routine disclosure of a director's stock acquisition, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the holdings of a company insider.

Key Dates