Churchill Downs reports 2018 executive compensation

CEO William C. Carstanjen receives $21.1M

Churchill Downs reported fiscal year 2018 executive compensation information on March 13, 2019.

In 2018, five executives at Churchill Downs received on average a compensation package of $8,495,721, a 118% increase compared to previous year.

Average pay of disclosed executives at Churchill Downs

William C. Carstanjen, Chief Executive Officer, received $21,120,369 in total, which increased by 184% compared to 2017. 79.68% of Carstanjen's compensation, or $16,827,946, was in stock awards. Carstanjen also received $3,000,000 in non-equity incentive plan, $1,276,154 in salary, as well as $16,269 in other compensation.

William E. Mudd, Chief Operating Officer, received a compensation package of $11,413,599, which increased by 241% compared to previous year. 82.27% of the compensation package, or $9,389,550, was in stock awards.

Paul J. Thelen, Former President,, earned $5,830,752 in 2018, a 135% increase compared to previous year.

Marcia A. Dall, Chief Financial Officer, received $2,554,020 in 2018, which increases by 10% compared to 2017.

Austin W. Miller, Senior Vice President, Gaming Operations, earned $1,559,863 in 2018.