Every Form 4 that Churchill Downs Inc (CHDN) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow CHDN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CHDN filings page.
GRISSOM DOUGLAS C reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc director Douglas C. Grissom received a grant of 383.48 phantom share units tied to the company’s common stock. These units were awarded in connection with an election to defer compensation and each phantom unit is economically equivalent to one share of common stock.
The shares of common stock underlying these units will be delivered when Grissom completes his service as a director. Following this award, his directly held mix of restricted stock units, phantom share units and related dividend equivalents totals 43,005.77 share-equivalent units.
Churchill Downs Inc director Richard Alex Rankin received an equity grant tied to his 2026 board service. He acquired 2,257 shares of Common Stock through a grant of restricted stock units, with no cash price per share. These restricted stock units will vest one year from the anniversary of the April 21, 2026 grant date, and each 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 units granted. Following this award, Rankin directly holds a total of 101,468.17 shares, including restricted stock units and dividends credited on those units, with the equivalent shares from vested units to be transferred when he completes his service as a director.
HARRINGTON DANIEL P reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc director Daniel P. Harrington received an equity award of 2,257 shares of common stock as compensation for 2026 director service. The award is structured as restricted stock units that vest one year from the anniversary of the grant date and are economically equivalent to common shares.
After this grant, Harrington directly holds 126,086.18 shares of common stock and indirectly holds 1,145,352 shares through TVI Corp., including restricted stock units and dividends awarded on those units. The equivalent shares related to vested units will be transferred when he completes his service as a director.
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.
VARGA PAUL C reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc director Paul C. Varga received a grant of restricted stock units tied to his 2026 board service. The award covers 2,257 units of common stock, granted at no cash cost to him as equity compensation, not an open‑market purchase.
The units will vest one year from the anniversary of the April 21, 2026 grant date, with each unit economically equal to one share of common stock. After this award, Varga beneficially owns 35,556.5 shares of Churchill Downs common stock, including previously granted and dividend-related restricted stock units that will deliver shares when his board service ends.
Lloyd Karole reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc director Lloyd Karole received 2,257 shares of restricted common stock as 2026 director compensation. The award was granted at no cash cost and is scheduled to vest one year from the grant date anniversary, when the restrictions will lapse.
After the grant, Karole directly holds a total of 40,316.84 shares, including restricted stock, restricted stock units granted for director service, and related dividends. Shares underlying vested restricted stock units will be delivered when Karole’s service as a director ends.
Carter Andrea M reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc director Andrea M. Carter received a grant of 2,257 shares of restricted common stock for 2026 director service. These shares were awarded at no cash cost and increase her direct holdings to 7,957.96 shares.
The restricted stock will vest one year from the anniversary of the April 21, 2026 grant date, at which time the restrictions lapse. Her reported holdings include restricted stock and restricted stock units granted for board service and related dividend equivalents, with equivalent common shares from vested units to be transferred when she completes her director service.
Churchill Downs Inc director Douglas C. Grissom received an equity-based award tied to company stock. He acquired 382.67 phantom share units of common stock as a grant for director compensation, at no cash cost. Each phantom unit is economically equivalent to one share and is payable in common stock when his board service ends. Following this award, his reported direct holdings tied to Churchill Downs common stock total 40,365.29 share-equivalents, including restricted stock units, phantom share units from deferred compensation elections, and related dividend units.
Mudd William E. reported acquisition or exercise transactions in this Form 4 filing.
Churchill Downs Inc granted President and COO William E. Mudd 1,449 restricted stock units, each representing one share of common stock. This is a compensation-related equity award rather than a market purchase or sale.
The restricted stock units will be settled in common stock and vest in three equal installments on December 31, 2026, December 31, 2027, and December 31, 2028. After this grant, Mudd directly holds 37,679 shares-related units, illustrating a meaningful ongoing equity stake tied to multi-year performance and retention.
Churchill Downs Inc EVP and CFO Marcia A. Dall received a grant of 1,449 restricted stock units (RSUs) tied to Churchill Downs common stock. The RSUs carry no exercise price and will be settled in shares, vesting in one-third increments on December 31, 2026, December 31, 2027 and December 31, 2028. Following this award, her direct holdings in this derivative security total 33,701.128 units, each representing one underlying share of common stock.
Churchill Downs Inc. President and COO William E. Mudd reported equity compensation and a stock sale. On February 5, 2026, he received 21,348 restricted stock units at $0, which will convert into common shares vesting in thirds on December 31 of 2026, 2027, and 2028. The same day, he acquired 16,648 shares of common stock at $0 in connection with the cash settlement of performance share units for the January 1, 2023–December 31, 2025 performance period, and then sold 16,648 shares of common stock at $93.69 per share. After these transactions, he directly owned 732,066.8 shares of common stock and 36,230 restricted stock units.
Churchill Downs Inc. Chief Executive Officer William C. Carstanjen reported multiple equity transactions on February 5, 2026. He received 37,727 shares of common stock at $0 from the cash settlement of performance share units for the period from January 1, 2023 to December 31, 2025, and then sold 37,727 shares of common stock at $93.69 per share. After these transactions, he directly owned 1,685,609 shares of common stock. He was also granted 64,041 restricted stock units at $0, increasing his directly held restricted stock units to 183,697.52 units. These restricted stock units will be settled in common stock vesting in one-third increments on December 31, 2026, December 31, 2027, and December 31, 2028, reflecting a multi-year equity incentive structure.
Churchill Downs Inc. executive vice president and general counsel Bradley K. Blackwell reported routine equity compensation activity. On February 5, 2026, he acquired 6,104 shares of common stock at $0, reflecting settlement of performance share units for the 2023–2025 performance period, and had 30,934 common shares directly owned afterward.
That same day, 9,075 restricted stock units were granted at $0, bringing his directly owned restricted stock units to 15,164. These units will settle in common stock in three equal installments on December 31, 2026, December 31, 2027, and December 31, 2028, with the restricted stock vesting over a multi-year period. To cover taxes, 1,835 common shares were withheld at $93.69, leaving him with 30,934 common shares directly owned after the tax-related disposition.
Churchill Downs Inc. executive Marcia A. Dall, EVP and CFO, reported equity awards and related share withholding. On February 5, 2026 she acquired 12,207 shares of common stock at $0 from settlement of performance share units for the January 1, 2023 to December 31, 2025 performance period.
On the same date she had 3,944 shares of common stock withheld at $93.69, typically for taxes, leaving 153,843 common shares held directly. She was also granted 12,276 restricted stock units, increasing her RSU holdings to 32,252.128 units that will vest in one-third increments on December 31, 2026, 2027 and 2028, with the underlying restricted stock vesting over a multi-year period.
Churchill Downs Inc. director Douglas C. Grissom reported a small increase in his holdings through a stock-based dividend. On 01/06/2026, he acquired 116.68 shares of common stock of Churchill Downs Inc. (CHDN) at $0 per share, with the acquisition coded as an "A" transaction.
According to the footnote, the shares were granted as dividends in the form of restricted stock units and phantom share units, each economically equivalent to one share of common stock, with the underlying shares delivered when his service as a director ends. After this transaction, Grissom directly beneficially owned 39,982.62 shares of Churchill Downs common stock.
Churchill Downs Inc. director Daniel P. Harrington reported dividend-equivalent stock awards in the company’s common shares. On 01/06/2026, he acquired 476.98 shares of common stock at a price of $0, described as dividends granted in the form of restricted stock units and phantom share units. Each unit is the economic equivalent of one share, with the underlying common shares delivered when he completes his service as a director.
After this transaction, Harrington directly beneficially owned 123,829.18 shares of Churchill Downs common stock. He also reported indirect beneficial ownership of 1,145,352 shares held through TVI Corp. The filing is made as a single-reporting-person Form 4 reflecting his status as a director of Churchill Downs Inc. (CHDN).
Churchill Downs Inc. director R. Alexander Rankin reported a routine equity transaction. On 01/06/2026, he acquired 199.38 shares of Churchill Downs common stock at a price of $0 per share, described as dividends granted in the form of restricted stock units (RSUs). Each RSU is the economic equivalent of one share of common stock, with the underlying shares delivered when he completes his service as a director. Following this grant, Rankin directly beneficially owned 99,211.17 shares of Churchill Downs common stock.
Churchill Downs Inc director Andrea M. Carter reported an automatic acquisition of common stock as a board-related award. On January 6, 2026, she received 17.11 shares of common stock at a price of $0 per share, described as dividends granted in the form of restricted stock units and phantom share units. Each unit is the economic equivalent of one share of common stock and the underlying shares are delivered when her service as a director is completed. Following this grant, she beneficially owned 5,700.96 shares of Churchill Downs Inc common stock in direct ownership.
Churchill Downs Inc. director Paul C. Varga reported an acquisition of 39.45 shares of common stock on January 6, 2026. The shares were granted as dividends in the form of restricted stock units, each unit being the economic equivalent of one share of common stock. The underlying shares will be transferred to him when he completes his service as a director. After this dividend-related grant, Varga beneficially owns 33,299.5 shares of Churchill Downs common stock, held directly, and the grant carried no cash purchase price.
Churchill Downs Inc. director Karole F. Lloyd reported receiving 59.98 shares of common stock on 01/06/2026. The shares were granted as dividends paid in the form of restricted stock units and restricted shares, with each unit equal to one share of common stock. The underlying common shares will be transferred to her when she completes her service as a director. Following this grant, she beneficially owns 38,059.84 shares of Churchill Downs common stock directly.
Churchill Downs Inc. (CHDN) insider William E. Mudd, President and COO, reported equity transactions. On October 30, 2025, 94,966 shares of common stock were acquired at $0 upon settlement of service-based performance stock units. The same day, a separate transaction recorded the disposition of 43,258 shares at $100.4 per share.
Following these transactions, Mudd beneficially owned 733,015.8 shares, held directly. The filing notes these units vested and were settled on October 30, 2025.
Churchill Downs (CHDN) disclosed that CEO William C. Carstanjen reported equity transactions on October 30, 2025. He acquired 151,942 shares of common stock at $0 via a code M transaction tied to the settlement of service-based performance stock units. The filing also shows a code F disposition of 68,071 shares at $100.4. Following these transactions, he directly beneficially owned 1,675,515 shares.
The derivative table lists the underlying settlement of 151,942 shares from restricted stock units, which vested and were settled on October 30, 2025, with 146,367.52 derivative securities shown as beneficially owned afterward.
Douglas C. Grissom, a director of Churchill Downs Inc (CHDN), reported on Form 4 that on 09/30/2025 he was awarded 354.34 phantom share units under director compensation. Each phantom share unit is the economic equivalent of one share of common stock and will be transferred when the reporting person completes service as a director. The number of units was determined using the closing price on September 30, 2025. After the award, Mr. Grissom's total beneficial ownership is reported as 39,563.82 shares (comprised of restricted stock units, phantom share units, and dividend equivalents).