Carter Andrea M 4

4 · Churchill Downs Inc · Filed Apr 23, 2026

AI-generated summary of this filing

Updated Apr 23, 2026

Churchill Downs (CHDN) Director Andrea M. Carter Receives 2,257 Shares

What Happened

Andrea M. Carter, a director of Churchill Downs Incorporated (CHDN), was granted 2,257 restricted shares on April 21, 2026. The filing reports acquisition at $0 (award); the number of shares was determined using CHDN's closing price on April 21, 2026. The restricted shares will vest one year from the grant date and restrictions will lapse upon vesting.

Key Details

Transaction date: 2026-04-21; Filing date: 2026-04-23 (appears timely).
Transaction type: Award/Grant (code A); shares granted: 2,257; reported acquisition price: $0.
Shares owned after transaction: not specified in the provided filing details.
Footnotes:
- F1: Award is restricted stock for 2026 director service; vests one year from grant anniversary; closing price on 4/21/2026 used to set the grant amount.
- F2: Restricted stock have no conversion price or expiration date.
- F3: Includes restricted stock and restricted stock units for director service and dividends; equivalent common shares from vested RSUs transfer upon completion of the director's service.

Context

This is a standard equity-based director compensation award, not an open-market purchase or sale. Restricted stock grants are typical for board service and generally vest over time; they do not necessarily indicate near-term buying/selling intent.

Form 4

Period: 2026-04-21

Director

Transactions

Footnotes (3)

[F1]Restricted stock granted in connection with 2026 director service which will vest one year from the anniversary of the grant date. The restrictions on the restricted stock will lapse upon vesting. The closing price of CHDN common stock on April 21, 2026, was used to determine the amount of restricted stock granted.
[F2]Restricted stock do not have a conversion price or expiration date.
[F3]Includes restricted stock and restricted stock units granted for service as a director and dividends awarded. 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 Andrea Carter|2026-04-23

1 file