Churchill Downs Inc (CHDN) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-04-23

Key Insights

Director R. Alexander Rankin acquired 2,257 restricted stock units (RSUs) on April 21, 2026, as compensation for director service, vesting one year from the grant date with no purchase price required.
The grant represents director compensation rather than open market buying activity, indicating normal equity incentive practices rather than insider confidence signals about stock valuation.
Rankin's total beneficial ownership following the transaction is 101,468.17 shares, suggesting significant long-term alignment with shareholder interests as a substantial stockholder.
The RSU grant includes accumulated dividends on the units, which will be transferred upon completion of director service, demonstrating standard director compensation structure.

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Earlier Insider Trading filings

Filed: 2026-04-23

Director Douglas C. Grissom received 2,257 restricted stock units (RSUs) as compensation for 2026 director service, vesting one year from grant date, indicating routine annual director compensation rather than discretionary insider buying.
The RSU grant was valued at approximately $0 at grant (footnote 2 indicates no conversion price), with the economic value determined by the April 21, 2026 closing price; total beneficial ownership increased to 42,622.29 shares including vested and unvested units.
This transaction represents director compensation through equity grants rather than open market purchases, which is a standard practice and carries no signal about insider confidence or concerns regarding company valuation.
The filing was signed by Paula Chumbley as attorney-in-fact on April 23, 2026, two days after the transaction date, following normal Form 4 filing procedures within the required timeframe.

Filed: 2026-04-23

Director Paul C. Varga acquired 2,257 restricted stock units (RSUs) on April 21, 2026, at $0 price, representing standard director compensation rather than open-market purchases.
The RSUs vest one year from grant date and are tied to director service continuation, indicating normal equity compensation practices with no cash outlay required from the executive.
Varga's total beneficial ownership reached 35,556.5 shares equivalent (including vested RSUs and dividends), demonstrating sustained director-level investment in the company over time.
The transaction was processed through an attorney-in-fact (Paula Chumbley), a routine administrative practice for insider filings that does not indicate unusual activity or concerns.

Filed: 2026-04-23

Director Lloyd received 2,257 shares of restricted stock granted on April 21, 2026, as compensation for director service, vesting one year from grant date with no monetary consideration paid.
Total beneficial ownership stands at 40,316.84 shares following this transaction, indicating established equity stake in Churchill Downs Inc.
The restricted stock grant is a routine director compensation arrangement with standard one-year vesting, suggesting normal board governance practices with no insider trading concerns.

Filed: 2026-04-23

Director Andrea Carter acquired 2,257 shares of restricted stock on April 21, 2026, as part of standard 2026 director compensation with a one-year vesting schedule, indicating routine board compensation rather than market-driven insider buying.
Carter's total beneficial ownership increased to 7,957.96 shares following the transaction, representing a modest position that suggests limited concentrated insider wealth in the company stock.
The restricted stock grant was valued at $0 transaction price with vesting contingent on continued service, which is typical director compensation and does not signal confidence or concern about the company's near-term prospects.

Filed: 2026-04-23

Director Daniel P. Harrington received 2,257 restricted stock units (RSUs) as compensation for 2026 director service, vesting one year from grant date, indicating standard board compensation practices with no discretionary insider buying signal.
Harrington's total beneficial ownership increased to approximately 1.127 million shares when combining direct RSU holdings (126,086) with indirect ownership through TVI Corp (1,145,352 shares), maintaining a substantial shareholder position.
The transaction was executed on 04/21/2026 at $0 consideration price for the RSUs, which is typical for equity compensation grants rather than open market purchases, suggesting no material conviction about stock valuation at current levels.
The filing was signed by Paula Chumbley as attorney-in-fact, indicating Harrington did not personally execute the filing, which is routine administrative practice for director equity grants.

Filed: 2026-04-06

The reporting person, Douglas C. Grissom, acquired 382.67 shares of Churchill Downs Inc (CHDN) common stock through a phantom share unit award related to his director compensation deferral.
Grissom's total beneficial ownership of CHDN common stock increased to 40,365.29 shares, all held directly.
The phantom share units are transferred into shares upon Grissom's completion of service as a director, providing insight into his long-term commitment to the company.

Filed: 2026-03-20

Marcia A. Dall, EVP and CFO of Churchill Downs Inc., acquired 1,449 restricted stock units on March 19, 2026, indicating their commitment to the company's long-term success.
The restricted stock units will vest in one-third increments on December 31, 2026, 2027, and 2028, aligning Dall's compensation with the company's long-term performance.
This insider transaction suggests that Dall has a positive outlook on the company's future and is willing to hold a significant equity stake in Churchill Downs Inc.

Filed: 2026-03-20

William E. Mudd, the President and COO of Churchill Downs Inc, acquired 1,449 restricted stock units on 2026-03-19, which will vest in one-third increments on 2026-12-31, 2027-12-31, and 2028-12-31.
This insider acquisition suggests that Mudd is bullish on the company's long-term prospects and is aligning his interests with those of shareholders.
The restricted stock units have no conversion price or expiration date, indicating that Mudd is expected to hold the shares for an extended period.

Filed: 2026-02-09

The CEO, William C. Carstanjen, acquired 37,727 shares of Churchill Downs Inc (CHDN) common stock, indicating his confidence in the company's future performance.
Carstanjen also received 64,041 restricted stock units as part of his compensation, further aligning his interests with those of shareholders.
The significant number of shares and RSUs acquired by the CEO suggests that he believes CHDN is well-positioned for future growth and profitability.

Filed: 2026-02-09

William E. Mudd, the President and COO of Churchill Downs Inc, acquired 16,648 shares of common stock and was granted 21,348 restricted stock units, indicating his confidence in the company's future performance.
The insider transaction suggests that Mudd believes the stock is currently undervalued and presents an attractive investment opportunity for the company's leadership.
The restricted stock units, which vest over a multi-year period, align Mudd's incentives with long-term shareholder value creation, suggesting a positive outlook for the company's growth prospects.

Filed: 2026-02-09

Insider Bradley K. Blackwell, EVP and General Counsel, acquired 6,104 shares of Churchill Downs Inc (CHDN) stock on 2/5/2026 through the settlement of performance share units, increasing his direct ownership stake.
Blackwell also disposed of 1,835 shares on the same date, likely for tax withholding purposes, while still maintaining a substantial 30,934 share direct ownership position.
The granting of 9,075 restricted stock units to Blackwell, vesting over a multi-year period, aligns his incentives with long-term shareholder value creation.

Filed: 2026-02-09

Marcia A. Dall, the Executive Vice President and CFO of Churchill Downs Inc, acquired 12,207 shares of common stock through the settlement of performance share units, increasing her total direct ownership to 153,843 shares.
Dall also received 12,276 restricted stock units, which will vest over a multi-year period, aligning her long-term incentives with the company's performance.
The insider trading activity, including the acquisition of shares and the granting of restricted stock units, suggests Dall's confidence in the company's future prospects and her commitment to its long-term success.

Filed: 2026-01-08

Douglas C. Grissom, a director of Churchill Downs Inc, acquired 116.68 shares of the company's common stock, increasing his direct beneficial ownership to 39,982.62 shares.
The shares were acquired through dividends granted in the form of restricted stock units and phantom share units, which will be transferred upon Grissom's completion of service as a director.
This transaction suggests that Grissom is confident in the company's long-term prospects and is willing to increase his stake in the business.

Filed: 2026-01-08

Daniel P. Harrington, a director of Churchill Downs Inc, acquired 476.98 shares of common stock on January 6, 2026, likely through restricted stock units and phantom share units as part of his compensation.
Harrington also indirectly owns 1,145,352 shares of Churchill Downs through his ownership in TVI Corp.
The transactions suggest continued confidence and alignment of interests between Harrington and the company's leadership.

Other reports for Churchill Downs Inc

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.