Churchill Downs CEO William Carstanjen's 2021 pay jumps 31% to $14M
Churchill Downs reports 2021 executive compensation
By ExecPay News
Published: March 17, 2022
Churchill Downs reported fiscal year 2021 executive compensation information on March 17, 2022.
In 2021, four executives at Churchill Downs received on average a compensation package of $6.8M, a 33% increase compared to previous year.
Average pay of disclosed executives at Churchill Downs
William C. Carstanjen, Chief Executive Officer, received $14M in total, which increased by 31% compared to 2020. 51% of Carstanjen's compensation, or $7M, was in stock awards. Carstanjen also received $5.3M in non-equity incentive plan, $1.5M in salary, as well as $19K in other compensation.
For fiscal year 2021, the median employee pay was $27,745 at Churchill Downs. Therefore, the ratio of William C. Carstanjen's pay to the median employee pay was 496 to one.
William E. Mudd, Chief Operating Officer, received a compensation package of $7M, which increased by 32% compared to previous year. 45% of the compensation package, or $3.2M, was in stock awards.
Marcia A. Dall, Chief Financial Officer, earned $3.7M in 2021, a 41% increase compared to previous year.
Austin W. Miller, Senior Vice President, Gaming Operations, received $2.7M in 2021, which increases by 39% compared to 2020.
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Source: SEC filing on March 17, 2022.