VARGA PAUL C 4
4 · Churchill Downs Inc · Filed Apr 23, 2026
Research Summary
AI-generated summary of this filing
Churchill Downs (CHDN) Director Paul C. Varga Receives Award
What Happened
- Paul C. Varga, a director of Churchill Downs Incorporated (CHDN), was granted 2,257 restricted stock units (RSUs) on April 21, 2026. The filing lists the acquisition price as $0.00 (2,257 shares @ $0.00 = $0). Each RSU is economically equivalent to one share of CHDN common stock.
Key Details
- Transaction date: April 21, 2026; Form 4 filed April 23, 2026 (timely).
- Transaction code: A (award/grant).
- Shares/units granted: 2,257 RSUs; acquisition price $0.00.
- Shares owned after transaction: not disclosed in this filing.
- Notable footnotes:
- F1: RSUs granted for 2026 director service; will vest one year from the grant anniversary. The April 21, 2026 closing stock price was used to determine the award amount.
- F2: RSUs have no conversion price or expiration date.
- F3: Grant includes director service RSUs and related dividends; equivalent shares from vested RSUs are transferred upon completion of director service.
Context
- RSU grants are a form of compensation for directors and are routine; they are not an open-market purchase (which might be viewed as a stronger positive signal). These RSUs will convert to actual shares subject to vesting and service completion, so they do not represent immediately tradable stock.
Insider Transaction Report
Form 4
VARGA PAUL C
Director
Transactions
- Award
Common Stock
[F1][F2][F3]2026-04-21+2,257→ 35,556.5 total
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 amount 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 restricted stock units will be transferred upon the reporting person's completion of service as a director.
Signature
Paula Chumbley Attorney-In-Fact for Paul C. Varga|2026-04-23