Churchill Downs director granted 2,257 RSUs
Churchill Downs Inc director Douglas C. Grissom reported an acquisition of 2,257 restricted stock units of common stock on April 21, 2026.
Rhea-AI Filing Summary
Churchill Downs Inc director Douglas C. Grissom reported an acquisition of 2,257 restricted stock units of common stock on April 21, 2026. The units were granted for 2026 director service and will vest one year from the grant’s anniversary date.
Each restricted stock unit is the economic equivalent of one share of common stock. After this grant, Grissom directly holds a total of 42,622.29 shares, including restricted stock units and related dividend equivalents, with the vested shares to be delivered when his service as a director ends.
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Insider Trade Summary
Grant/Award: 2,257 shares
Grant/Award
1 txn
Insider
GRISSOM DOUGLAS C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,257 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 42,622.29 shares (Direct)
Footnotes (3)
- F1. Restricted stock units granted in connection with 2026 director service which will vest one year from the anniversary of the grant date. Each restricted stock unit is the economic equivalent of one share of common stock. The closing price of CHDN common stock on April 21, 2026, was used to determine the number of restricted stock units granted.
- F2. Restricted stock units do not have a conversion price or expiration date.
- F3. Includes 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 units will be transferred upon the reporting person's completion of service as a director.
Key Figures
RSUs granted: 2,257 restricted stock units
Holdings after transaction: 42,622.29 shares
Reported transaction price: $0.0000 per share
+2 more
5 metrics
RSUs granted
2,257 restricted stock units
Grant for 2026 director service on April 21, 2026
Holdings after transaction
42,622.29 shares
Direct holdings following the April 21, 2026 grant
Reported transaction price
$0.0000 per share
Indicates non-cash equity award structure
Transaction code
Code A (Grant, award, or other acquisition)
Non-derivative Form 4 transaction classification
Transaction direction
Acquire
Equity compensation award rather than open-market buy
Key Terms
Restricted stock units, economic equivalent, dividends awarded, conversion price, +1 more
5 terms
Restricted stock units financial
"Restricted stock units granted in connection with 2026 director service which will vest one year from the anniversary of the grant date."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
economic equivalent financial
"Each restricted stock unit is the economic equivalent of one share of common stock."
dividends awarded financial
"Includes restricted stock units granted for service as a director and dividends awarded for such units."
conversion price financial
"Restricted stock units do not have a conversion price or expiration date."
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
expiration date financial
"Restricted stock units do not have a conversion price or expiration date."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Douglas C. Grissom report at Churchill Downs (CHDN)?
Douglas C. Grissom reported receiving 2,257 restricted stock units of Churchill Downs common stock. The grant reflects compensation for 2026 director service and is recorded as an acquisition, not an open-market purchase, with no cash price per share in the transaction details.
When do the newly granted Churchill Downs (CHDN) restricted stock units vest?
The 2,257 restricted stock units granted for 2026 director service vest one year from the anniversary of the April 21, 2026 grant date. Vesting timing ties the award directly to Grissom’s continued service on the Churchill Downs board during that year.
What are the key terms of the Churchill Downs (CHDN) restricted stock units granted?
Each restricted stock unit is the economic equivalent of one share of Churchill Downs common stock and has no conversion price or expiration date. The closing stock price on April 21, 2026, was used to determine how many units equaled the intended grant value.
Are the Churchill Downs (CHDN) restricted stock units a cash purchase by Douglas C. Grissom?
No, the Form 4 shows the 2,257 restricted stock units as a grant with a reported price of $0.0000 per share. This indicates an equity compensation award for director service, not an open-market cash purchase of Churchill Downs common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
