William Carstanjen is Chief Executive Officer of Churchill Downs Inc (CHDN). The company reported total compensation of $19,172,839 for fiscal year 2025.
| Salary | $1,800,000 |
|---|---|
| Bonus | $0 |
| Stock awards | $11,443,380 |
| Option awards | $0 |
| Non-equity incentive plan | $5,763,331 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $166,128 |
| Total | $19,172,839 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure Churchill Downs Inc filed March 12, 2026, accession 0001193125-26-104118.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Chief Executive Officer | $1,800,000 | $0 | $11,443,380 | $0 | $5,763,331 | $0 | $166,128 | $19,172,839 |
| FY2024 | Chief Executive Officer | $1,776,923 | $0 | $6,585,361 | $0 | $6,714,460 | $0 | $26,919 | $15,103,663 |
| FY2023 | Chief Executive Officer | $1,626,923 | — | $7,051,043 | — | $3,511,979 | — | $21,689 | $12,211,634 |
| FY2022 | Chief Executive Officer | $1,500,000 | — | $6,538,424 | — | $4,035,025 | — | $19,664 | $12,093,113 |
| FY2021 | Chief Executive Officer | $1,500,000 | — | $6,986,731 | — | $5,250,000 | — | $18,552 | $13,755,283 |
Totals as disclosed in each year's own compensation disclosure for Churchill Downs Inc.
| Peer-group chief executive median | $15,090,901 |
|---|---|
| Difference from that median | $4,081,938 |
| Percentile within the disclosed peer group | 67th |
| Peers with a disclosed figure | 8 |
Medians and percentiles are computed across the peer group Churchill Downs Inc discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| William Carstanjen this page | Chief Executive Officer | $19,172,839 |
| William Mudd | President and Chief Operating Officer | $7,209,486 |
| Marcia Dall | Executive Vice President and Chief Financial Officer | $4,552,302 |
| Bradley Blackwell | Executive Vice President and General Counsel | $3,406,364 |
| Maureen Adams | Former Executive Vice President, Gaming Operations | $1,857,382 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Churchill Downs Inc compensation brief.
William Carstanjen's compensation sits inside Churchill Downs Inc's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.