Daniel P Harrington, a director of Churchill Downs, recently acquired 344 shares of the company. The buys took place at $0.00 per share, on dates ranging from December 30 to January 06, 2017. Harrington now owns 247,223 shares of the company. Harrington operates out of Louisville, KY. Some additional info was provided as follows:
Phantom share units awarded in connection with the election to defer compensation. Each phantom share unit is the economic equivalent of one share of common stock. The shares of common stock are transferred upon the reporting person's completion of service as a director.
The closing price of CHDN common stock on December 30, 2016 was used to determine the number of phantom shares awarded.
The holding is comprised of restricted stock units
granted for service as a director, phantom stock units granted in connection with a deferred compensation elections and dividends awarded for each units. The equivalent shares of common stock related to these units will be transferred upon the reporting person(s) completion of service as a director.
Dividends granted in the form of restricted stock units and phantom stock units. The equivalent shares of common stock related to these units will be transferred upon the reporting persons completion of service as a director.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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