Churchill Downs director just picked up 169 shares

Daniel P Harrington, a director of Churchill Downs, recently acquired 169 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 June 30, 2017. Harrington now owns 248,337 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 persons completion of service as a director. The closing price of CHDN common stock on June 30, 2017 was used to determine the number of phantom shares awarded. The holding is compri sed 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 unit.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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