William E Mudd, Churchill Downs's President and COO, just received 5,481 restricted shares from the company. The restricted shares don't become available to Mudd until such time as they become vested. Mudd now owns at least 11,355 restricted shares of the company.
Some additional info was provided as follows:
Restricted stock units do not have a conversion price or expiration date and will be settled in common stock vesting in one-third increments on each of December 31, 2017, December 31, 2018 and December 31, 2019.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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