Companies Churchill Downs Inc
Churchill Downs (CHDN): executive pay, fiscal 2025
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CEO vs. named peers67th pct.Of 11 peer CEOs
CEO pay, last three years
- $12,211,634FY2023
- $15,103,663FY2024
- $19,172,839FY2025
CEO total pay was $19,172,839 in fiscal 2025, up from $15,103,663 in fiscal 2024.
FY2025: salary $1,800,000 · bonus $0 · stock awards $11,443,380 · option awards $0
Executives and directors
Bradley Blackwell · General CounselMarcia Dall · CFOMaureen Adams · EVPWilliam Carstanjen · CEOWilliam Mudd · COOAndréa Carter · Independent DirectorDaniel P. Harrington · Independent DirectorDouglas C. Grissom · Independent DirectorKarole F. Lloyd · Independent DirectorPaul C. Varga · Independent DirectorR. Alex Rankin · Chair of the BoardUlysses L. Bridgeman, Jr · Former director (through FY2025)
Frequently asked questions
Who was the highest-paid executive at Churchill Downs Inc in fiscal 2025?
As disclosed, William Carstanjen (Chief Executive Officer) was the highest-paid executive at Churchill Downs Inc in fiscal 2025, with total compensation of $19,172,839.
How does Churchill Downs Inc's chief executive pay compare to its disclosed peer group?
As disclosed, William Carstanjen's total compensation ranked at the 67th percentile of Churchill Downs Inc's disclosed peer group.
What is Churchill Downs Inc's CEO-to-median employee pay ratio?
As disclosed, Churchill Downs Inc's CEO-to-median employee pay ratio was 573:1.
How did shareholders vote on Churchill Downs Inc's executive compensation?
As disclosed, 84.6% of shareholders supported Churchill Downs Inc's executive compensation in the latest say-on-pay vote.
How much does Churchill Downs Inc spend in total on board compensation for fiscal 2025?
As disclosed, Churchill Downs Inc reported total board compensation of $2,211,250 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| William Carstanjen | $1,800,000 | $0 | $11,443,380 | $0 | $5,763,331 | $0 | $166,128 | $19,172,839 |
| Chief Executive Officer | ||||||||
| William Mudd | 1,265,949 | 0 | 3,814,744 | 0 | 2,038,106 | 0 | 90,687 | 7,209,486 |
| President and Chief Operating Officer | ||||||||
| Marcia Dall | 944,091 | 0 | 2,193,483 | 0 | 1,338,374 | 0 | 76,354 | 4,552,302 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Bradley Blackwell | 770,192 | 0 | 1,621,373 | 0 | 992,574 | 0 | 22,225 | 3,406,364 |
| Executive Vice President and General Counsel | ||||||||
| Maureen Adams | 659,349 | 550,000 | 0 | 0 | 615,101 | 0 | 32,932 | 1,857,382 |
| Former Executive Vice President, Gaming Operations | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| William Carstanjen | $19,172,839 | $15,103,663 | $12,211,634 | ↑ +4,069,176 |
| William Mudd | 7,209,486 | 6,462,898 | 6,140,275 | ↑ +746,588 |
| Marcia Dall | 4,552,302 | 4,583,398 | 4,384,427 | ↓ −31,096 |
| Bradley Blackwell | 3,406,364 | 2,947,040 | 2,695,474 | ↑ +459,324 |
| Maureen Adams | 1,857,382 | 2,597,690 | 2,463,501 | ↓ −740,308 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The fundamental philosophy of the Committee is to provide an executive compensation program that links pay to business strategy and performance in a manner that is effective in attracting, motivating and retaining key executives while also aligning the interests of the executives with the interests of shareholders over the long-term. To that end, the Committee evaluates the pay practices of its peers and generally considers the median of the peer group.
| CEO STI target (% of salary) | 250% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Frederic W. Cook & Co., Inc. |
| Clawback policy | NEOs' incentive compensation is subject to clawback in the event of a restatement of the Company's financial statements due to material noncompliance. The amount to be recovered shall be the excess of the incentive-based compensation received during the three fiscal years prior to the restatement based on the erroneous data over what would have been received based on restated financial information. |
| Anti-hedging | Directors, officers and other employees are prohibited from engaging in hedging and monetization transactions and transactions that involve exchange-traded options or short sales of the Company's securities |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Marcia Dall | RSU | 2025-02-06 | — | — | 9,330 | — | $1,150,109 |
| Bradley Blackwell | RSU | 2025-02-06 | — | — | 6,897 | — | 850,193 |
| William Carstanjen | RSU | 2025-02-06 | — | — | 48,675 | — | 6,000,167 |
| William Mudd | RSU | 2025-02-06 | — | — | 16,227 | — | 2,000,302 |
| Bradley Blackwell | PSU | 2025-03-10 | 2,586 | 6,896 | — | 17,240 | 771,180 |
| William Carstanjen | PSU | 2025-03-10 | 18,253 | 48,674 | — | 121,685 | 5,443,213 |
| Marcia Dall | PSU | 2025-03-10 | 3,499 | 9,330 | — | 23,325 | 1,043,374 |
| William Mudd | PSU | 2025-03-10 | 6,084 | 16,225 | — | 40,563 | 1,814,442 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Marcia Dall | $1,150,109 | $1,043,374 | $0 | 47.6% |
| Bradley Blackwell | 850,193 | 771,180 | 0 | 47.6% |
| William Carstanjen | 6,000,167 | 5,443,213 | 0 | 47.6% |
| William Mudd | 2,000,302 | 1,814,442 | 0 | 47.6% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Maureen Adams | RSU | 1,491 | — | $169,646 |
| Maureen Adams | PSU | 4,472 | — | 508,824 |
| Bradley Blackwell | RSU | 6,089 | — | 692,806 |
| Marcia Dall | RSU | 9,202 | — | 1,047,004 |
| Maureen Adams | RSU | 10,548 | — | 1,090,430 |
| Bradley Blackwell | PSU | 11,368 | — | 1,293,451 |
| Bradley Blackwell | RSU | 12,995 | — | 1,370,130 |
| William Mudd | RSU | 14,884 | — | 1,693,502 |
| Marcia Dall | PSU | 18,274 | — | 2,079,216 |
| Marcia Dall | RSU | 21,235 | — | 2,170,854 |
| William Mudd | PSU | 28,421 | — | 3,233,741 |
| William Carstanjen | RSU | 41,665 | — | 4,740,644 |
| William Carstanjen | PSU | 76,317 | — | 8,683,348 |
| William Mudd | RSU | 125,089 | — | 12,627,630 |
| William Carstanjen | RSU | 224,182 | — | 22,716,539 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| R. Alex RankinIndependent · Board Chair · Executive (Chair) | $260,000 | $205,000 | $0 | $0 | $0 | $465,000 |
| Karole F. LloydIndependent · Audit (Chair) · Nominating and Governance | 150,000 | 205,000 | 0 | 0 | 0 | 355,000 |
| Daniel P. HarringtonIndependent · Executive · Audit · Compensation (Chair) | 145,000 | 205,000 | 0 | 0 | 0 | 350,000 |
| Douglas C. GrissomIndependent · Compensation · Nominating and Governance (Chair) | 137,500 | 205,000 | 0 | 0 | 0 | 342,500 |
| Paul C. VargaIndependent · Audit · Compensation | 132,500 | 205,000 | 0 | 0 | 0 | 337,500 |
| Andréa CarterIndependent · Compensation · Nominating and Governance | 127,500 | 205,000 | 0 | 0 | 0 | 332,500 |
| Ulysses L. Bridgeman, JrIndependent · Departed during FY · Partial-year service | 28,750 | 0 | 0 | 0 | 0 | 28,750 |
| William C. CarstanjenEmployee director · Partial-year service | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $105,000 |
|---|---|
| Annual equity retainer | $205,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 35,000 / 25,000 / 20,000 |
| Stock ownership guideline | $5 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $981,250 |
| Equity awards (grant-date value) | $1,230,000 |
| All other compensation | $0 |
| Total cost of the board | $2,211,250 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Churchill Downs as a peer
Companies that benchmark against CHDN
13 companies name CHDN as a compensation peer
- Accel Entertainment, Inc.ACELFY2025
- Atlanta Braves Holdings, Inc.BATRKFY2025
- Bally's CorpBALYFY2024
- BOYD GAMING CORPBYDFY2025
- CENTURY CASINOS INC /CO/CNTYFY2025
- CoreCivic, Inc.CXWFY2025
- Dave & Buster's Entertainment, Inc.PLAYFY2025
- DraftKings Inc.DKNGFY2025
- NEW ROYAL HOLDCO I INC.GDENFY2024
- Red Rock Resorts, Inc.RRRFY2025
- TKO Group Holdings, Inc.TKOFY2025
- VAIL RESORTS INCMTNFY2025
Each company listed discloses CHDN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CHDN in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
RRR Red Rock Resorts Inc.DKNG DraftKings Inc.LAWIL Light & Wonder, Inc.BYD Boyd Gaming CorporationMGM MGM Resorts InternationalPENN PENN Entertainment, Inc.CZR Caesars Entertainment, Inc. Aristocrat Leisure LimitedFLTR Flutter Entertainment PLCGLPI Gaming and Leisure Properties Inc.WYNN Wynn Resorts, Limited
Peer reciprocity
Of the companies Churchill Downs Inc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
✓ Red Rock Resorts Inc. (RRR)51✓ DraftKings Inc. (DKNG)52— Light & Wonder, Inc. (LAWIL)53✓ Boyd Gaming Corporation (BYD)54— MGM Resorts International (MGM)55— PENN Entertainment, Inc. (PENN)56— Caesars Entertainment, Inc. (CZR)57 Flutter Entertainment PLC (FLTR)— Gaming and Leisure Properties Inc. (GLPI)58— Wynn Resorts, Limited (WYNN)59
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Churchill Downs Inc.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | MGM Resorts International | 2025 | William Hornbuckle | $2,000,000 | $10,052,751 | $0 | $5,000,000 | $25,329,156 |
| 2 | Penn Entertainment, Inc. | 2025 | Jay Snowden | 1,800,000 | 14,249,989 | 4,750,004 | 2,984,400 | 24,126,651 |
| 3 | DraftKings Inc. | 2025 | Jason Robins | 1 | 19,203,672 | 0 | 0 | 22,621,941 |
| 4 | Churchill Downs Inc | 2025 | William Carstanjen | 1,800,000 | 11,443,380 | 0 | 5,763,331 | 19,172,839 |
| 5 | Caesars Entertainment, Inc. | 2025 | Thomas Reeg | 2,060,000 | 11,991,467 | 0 | 2,945,800 | 17,199,029 |
| 6 | Wynn Resorts, Limited | 2025 | Craig Billings | 2,000,000 | 9,624,110 | 0 | 3,433,750 | 15,090,901 |
| 7 | Boyd Gaming Corporation | 2025 | Keith Smith | 1,850,000 | 9,124,858 | 0 | 3,700,000 | 14,697,487 |
| 8 | Gaming and Leisure Properties Inc. | 2025 | Peter Carlino | 1,808,468 | 8,600,900 | 0 | 3,089,466 | 14,054,918 |
| 9 | Red Rock Resorts Inc. | 2025 | Frank Fertitta | 1,000,000 | 4,856,814 | 4,856,797 | 0 | 13,349,153 |
| 10 | Light & Wonder, Inc. | 2025 | Matthew Wilson | 1,359,150 | 3,997,416 | 0 | 1,235,919 | 6,603,716 |
| — | Flutter Entertainment PLC | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Churchill Downs Inc | 128.0% | PSU 50 · RSU 50 | No | Frederic W. Cook & Co., Inc. |
| Boyd Gaming Corporation | 100% | PSU 60 · RSU 40 | No | Exequity |
| Caesars Entertainment, Inc. | 71.5% | RSU 50 · PSU 50 | Yes — Relative Total Shareholder Return (rTSR) | Aon |
| DraftKings Inc. | not disclosed | RSU 50 · PSU 50 | No | Frederic W. Cook & Co., Inc. |
| Flutter Entertainment PLC | not disclosed | not disclosed | not disclosed | not disclosed |
| Gaming and Leisure Properties Inc. | 171% | not disclosed | Yes — TSR measured against the US MSCI Index and triple-net REIT peers | Ferguson Partners Consulting, L.P. |
| Light & Wonder, Inc. | not disclosed | not disclosed | not disclosed | Compensation Advisory Partners LLC |
| MGM Resorts International | 100% | PSU 50 · RSU 50 | Yes — Relative TSR | F.W. Cook |
| Penn Entertainment, Inc. | 66.3% | PSU 50 · RSU 25 · Options 25 | No | Semler Brossy Consulting Group, LLC |
| Red Rock Resorts Inc. | 100% | Options 50 · RSU 50 | not disclosed | Pay Governance |
| Wynn Resorts, Limited | 256% | not disclosed | No | Radford |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-21 | 50,404,461 | 9,078,571 | 99,928 | 84.6% | Passed |
| 2025 | 2025-04-22 | 59,339,818 | 1,920,601 | 109,700 | 96.69% | Passed |
| 2024 | 2024-04-23 | 61,668,283 | 1,547,436 | 145,139 | 97.55% | Passed |
| 2023 | 2023-04-25 | 29,463,576 | 592,788 | 56,882 | 98.03% | Passed |
| 2022 | 2022-04-26 | 29,427,901 | 2,254,666 | 59,237 | 92.71% | Passed |
| 2021 | 2021-04-20 | 24,881,522 | 6,239,363 | 1,014,502 | 79.95% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-04-21 | 84.6%a |
| 2025 | 2025-04-22 | 96.69%b |
| 2024 | 2024-04-23 | 97.55%c |
a. Approved under the standard stated in the filing — “An abstention has the same effect as a vote "against" this proposal.”.
b. Approved under the standard stated in the filing — “An abstention has the same effect as a vote "against" this proposal.”.
c. Approved under the standard stated in the filing — “Abstentions or "withhold" votes, as applicable, and broker non-votes are not counted in determining the number of votes required for the election of a director or passage of any matter submitted to the shareholders.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 573 : 1 |
|---|---|
| CEO total compensation | $19,172,839 |
| Median employee compensation | $33,486 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Dividend-equivalent accruals | 2026-03-19 | — | 2,898 | — | — | 2 insiders, 2 accrual rows | ||
| Douglas C. Grissom | Director | 2026-03-31 | A | 382.67 | 0 | 0 | Common | Form 4 ↗ |
| Paul C. Varga | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Douglas C. Grissom | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Andréa Carter | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| R. Alex Rankin | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Karole F. Lloyd | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Daniel P. Harrington | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Daniel P. Harrington | Director | 2026-04-21 | A | 0 | 0 | 0 | Common | Form 4 ↗ |
| Douglas C. Grissom | Director | 2026-06-30 | A | 383.48 | 0 | 0 | Common | Form 4 ↗ |
| Douglas C. Grissom | Director | 2026-09-30 | A | 454.22 | 0 | 0 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
View all 12 transactions
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| William Mudd | President and COO | 2026-03-19 | A | 1,449 | $0 | $0 | Derivative, Class A Common | Form 4 ↗ |
| Marcia Dall | EVP, and CFO | 2026-03-19 | A | 1,449 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Douglas C. Grissom | Director | 2026-03-31 | A | 382.67 | 0 | 0 | Common | Form 4 ↗ |
| Paul C. Varga | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Douglas C. Grissom | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Andréa Carter | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| R. Alex Rankin | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Karole F. Lloyd | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Daniel P. Harrington | Director | 2026-04-21 | A | 2,257 | 0 | 0 | Common | Form 4 ↗ |
| Daniel P. Harrington | Director | 2026-04-21 | A | 0 | 0 | 0 | Common | Form 4 ↗ |
| Douglas C. Grissom | Director | 2026-06-30 | A | 383.48 | 0 | 0 | Common | Form 4 ↗ |
| Douglas C. Grissom | Director | 2026-09-30 | A | 454.22 | 0 | 0 | Common | Form 4 ↗ |
Sources (59 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, William Carstanjen. DEF 14A, filed 2026-03-12. Section “2025 SUMMARY COMPENSATION TABLE” · page 42. As printed: 19,172,839. View filing ↗
- Section 01, William Mudd. DEF 14A, filed 2026-03-12. Section “2025 SUMMARY COMPENSATION TABLE” · page 42. As printed: 7,209,486. View filing ↗
- Section 01, Marcia Dall. DEF 14A, filed 2026-03-12. Section “2025 SUMMARY COMPENSATION TABLE” · page 42. As printed: 4,552,302. View filing ↗
- Section 01, Bradley Blackwell. DEF 14A, filed 2026-03-12. Section “2025 SUMMARY COMPENSATION TABLE” · page 42. As printed: 3,406,364. View filing ↗
- Section 01, Maureen Adams. DEF 14A, filed 2026-03-12. Section “2025 SUMMARY COMPENSATION TABLE” · page 42. As printed: 1,857,382. View filing ↗
- Section 03, Marcia Dall RSU. DEF 14A, filed 2026-03-12. Section “Grants of Plan-Based Awards for Fiscal Year Ended December 31, 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Bradley Blackwell RSU. DEF 14A, filed 2026-03-12. Section “Grants of Plan-Based Awards for Fiscal Year Ended December 31, 2025” · grants of plan-based awards table. View filing ↗
- Section 03, William Carstanjen RSU. DEF 14A, filed 2026-03-12. Section “Grants of Plan-Based Awards for Fiscal Year Ended December 31, 2025” · grants of plan-based awards table. View filing ↗
- Section 03, William Mudd RSU. DEF 14A, filed 2026-03-12. Section “Grants of Plan-Based Awards for Fiscal Year Ended December 31, 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Bradley Blackwell PSU. DEF 14A, filed 2026-03-12. Section “Grants of Plan-Based Awards for Fiscal Year Ended December 31, 2025” · grants of plan-based awards table. View filing ↗
- Section 03, William Carstanjen PSU. DEF 14A, filed 2026-03-12. Section “Grants of Plan-Based Awards for Fiscal Year Ended December 31, 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Marcia Dall PSU. DEF 14A, filed 2026-03-12. Section “Grants of Plan-Based Awards for Fiscal Year Ended December 31, 2025” · grants of plan-based awards table. View filing ↗
- Section 03, William Mudd PSU. DEF 14A, filed 2026-03-12. Section “Grants of Plan-Based Awards for Fiscal Year Ended December 31, 2025” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-12. Section “CEO Pay Ratio”. As printed: 573 : 1. View filing ↗
- Section 08, R. Alex Rankin. DEF 14A, filed 2026-03-12. Section “Director Compensation”. As printed: 465,000. View filing ↗
- Section 08, Karole F. Lloyd. DEF 14A, filed 2026-03-12. Section “Director Compensation”. As printed: 355,000. View filing ↗
- Section 08, Daniel P. Harrington. DEF 14A, filed 2026-03-12. Section “Director Compensation”. As printed: 350,000. View filing ↗
- Section 08, Douglas C. Grissom. DEF 14A, filed 2026-03-12. Section “Director Compensation”. As printed: 342,500. View filing ↗
- Section 08, Paul C. Varga. DEF 14A, filed 2026-03-12. Section “Director Compensation”. As printed: 337,500. View filing ↗
- Section 08, Andréa Carter. DEF 14A, filed 2026-03-12. Section “Director Compensation”. As printed: 332,500. View filing ↗
- Section 08, Ulysses L. Bridgeman, Jr. DEF 14A, filed 2026-03-12. Section “Director Compensation”. As printed: 28,750. View filing ↗
- Section 08, William C. Carstanjen. DEF 14A, filed 2026-03-12. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, William Mudd 2026-03-19. Form 4, filed 2026-03-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Marcia Dall 2026-03-19. Form 4, filed 2026-03-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Douglas C. Grissom 2026-03-31. Form 4, filed 2026-04-06. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Paul C. Varga 2026-04-21. Form 4, filed 2026-04-23. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Douglas C. Grissom 2026-04-21. Form 4, filed 2026-04-23. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Andréa Carter 2026-04-21. Form 4, filed 2026-04-23. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, R. Alex Rankin 2026-04-21. Form 4, filed 2026-04-23. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Karole F. Lloyd 2026-04-21. Form 4, filed 2026-04-23. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Daniel P. Harrington 2026-04-21. Form 4, filed 2026-04-23. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Daniel P. Harrington 2026-04-21. Form 4, filed 2026-04-23. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Douglas C. Grissom 2026-06-30. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Douglas C. Grissom 2026-09-30. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-04-21. Item 5.07 · say-on-pay result. As reported: 84.6% (votes for as printed: 50,404,461). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-04-22. Item 5.07 · say-on-pay result. As reported: 96.69% (votes for as printed: 59,339,818). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-04-23. Item 5.07 · say-on-pay result. As reported: 97.55% (votes for as printed: 61,668,283). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 981,250 + equity 1,230,000 + all other 0 = 2,211,250, summed across the director compensation table rows.
- MGM Resorts International, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in MGM Resorts International's own proxy. As printed: 25,329,156. View filing ↗
- Penn Entertainment, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Penn Entertainment, Inc.'s own proxy. As printed: 24,126,651. View filing ↗
- DraftKings Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in DraftKings Inc.'s own proxy. As printed: 22,621,941. View filing ↗
- Churchill Downs Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Churchill Downs Inc's own proxy. As printed: 19,172,839. View filing ↗
- Caesars Entertainment, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Caesars Entertainment, Inc.'s own proxy. As printed: 17,199,029. View filing ↗
- Wynn Resorts, Limited, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Wynn Resorts, Limited's own proxy. As printed: 15,090,901. View filing ↗
- Boyd Gaming Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Boyd Gaming Corporation's own proxy. As printed: 14,697,487. View filing ↗
- Gaming and Leisure Properties Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Gaming and Leisure Properties Inc.'s own proxy. As printed: 14,054,918. View filing ↗
- Red Rock Resorts Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Red Rock Resorts Inc.'s own proxy. As printed: 13,349,153. View filing ↗
- Light & Wonder, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Light & Wonder, Inc.'s own proxy. As printed: 6,603,716. View filing ↗
- Section 10a, Red Rock Resorts Inc. reciprocity. DEF 14A. Red Rock Resorts Inc. names Churchill Downs Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, DraftKings Inc. reciprocity. DEF 14A. DraftKings Inc. names Churchill Downs Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Light & Wonder, Inc. reciprocity. DEF 14A. Light & Wonder, Inc.'s most recent proxy was read; its disclosed peer group does not include Churchill Downs Inc. View filing ↗
- Section 10a, Boyd Gaming Corporation reciprocity. DEF 14A. Boyd Gaming Corporation names Churchill Downs Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, MGM Resorts International reciprocity. DEF 14A. MGM Resorts International's most recent proxy was read; its disclosed peer group does not include Churchill Downs Inc. View filing ↗
- Section 10a, PENN Entertainment, Inc. reciprocity. DEF 14A. PENN Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include Churchill Downs Inc. View filing ↗
- Section 10a, Caesars Entertainment, Inc. reciprocity. DEF 14A. Caesars Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include Churchill Downs Inc. View filing ↗
- Section 10a, Gaming and Leisure Properties Inc. reciprocity. DEF 14A. Gaming and Leisure Properties Inc.'s most recent proxy was read; its disclosed peer group does not include Churchill Downs Inc. View filing ↗
- Section 10a, Wynn Resorts, Limited reciprocity. DEF 14A. Wynn Resorts, Limited's most recent proxy was read; its disclosed peer group does not include Churchill Downs Inc. View filing ↗