Churchill Downs CEO William Carstanjen's 2019 pay falls 50% to $11M
Churchill Downs reports 2019 executive compensation
By ExecPay News
Published: March 10, 2020
Churchill Downs reported fiscal year 2019 executive compensation information on March 10, 2020.
In 2019, four executives at Churchill Downs received on average a compensation package of $5.1M, a 40% decrease compared to previous year.
Average pay of disclosed executives at Churchill Downs
William C. Carstanjen, Chief Executive Officer, received $11M in total, which decreased by 50% compared to 2018. 57% of Carstanjen's compensation, or $6.1M, was in stock awards. Carstanjen also received $3.2M in non-equity incentive plan, $1.4M in salary, as well as $17K in other compensation.
For fiscal year 2019, the median employee pay was $23,670 at Churchill Downs. Therefore, the ratio of William C. Carstanjen's pay to the median employee pay was 448 to one.
William E. Mudd, Chief Operating Officer, received a compensation package of $5.3M, which decreased by 54% compared to previous year. 49% of the compensation package, or $2.6M, was in stock awards.
Marcia A. Dall, Chief Financial Officer, earned $2.6M in 2019, a 1% increase compared to previous year.
Austin W. Miller, Senior Vice President, Gaming Operations, received $1.8M in 2019, which increases by 16% compared to 2018.
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Source: SEC filing on March 10, 2020.