Form 4: Churchill Downs Director Ulysses L. Bridgeman Jr. Reports Changes in Beneficial Ownership

Director Ulysses L. Bridgeman Jr. reports acquisition of phantom share units and holdings of common stock in Churchill Downs Inc.

Summary

• Ulysses L. Bridgeman Jr., a director of Churchill Downs Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's securities.
• On March 31, 2024, Bridgeman acquired 102.02 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 March 28, 2024, was used to determine the number of phantom shares awarded.
• Bridgeman's total holdings include restricted stock units, phantom share units, and dividends awarded for each unit, totaling 50,086.56 shares.
• Paula Chumbley, Attorney-in-Fact, signed the report on April 02, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of phantom share units indicates continued alignment of the director's interests with the company's performance.

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 the holdings of a director, which is typical activity.

Key Dates