Ulysses L Bridgeman, a director of Churchill Downs, recently acquired 739 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on April 26, 2017. Bridgeman now owns 4,846 shares of the company. Bridgeman operates out of Louisville, KY. Some additional info was provided as follows:
Restricted stock units granted in connection with 2017 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 vested restricted stock units are transferred upon the reporting person's completion of service as a director.
Restricted stock units do not have a conversion price or expiration date.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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