Churchill Downs CEO William Carstanjen's 2018 pay jumps 184% to $21.1M

Churchill Downs reports 2018 executive compensation

Published: March 13, 2019

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 $8.5M, a 118% increase compared to previous year.

Average pay of disclosed executives at Churchill Downs

William C. Carstanjen, Chief Executive Officer, received $21.1M in total, which increased by 184% compared to 2017. 79.68% of Carstanjen's compensation, or $16.8M, was in stock awards. Carstanjen also received $3M in non-equity incentive plan, $1.3M in salary, as well as $16.3K in other compensation.

William E. Mudd, Chief Operating Officer, received a compensation package of $11.4M, which increased by 241% compared to previous year. 82.27% of the compensation package, or $9.4M, was in stock awards.

Paul J. Thelen, Former President,, earned $5.8M in 2018, a 135% increase compared to previous year.

Marcia A. Dall, Chief Financial Officer, received $2.6M in 2018, which increases by 10% compared to 2017.

Austin W. Miller, Senior Vice President, Gaming Operations, earned $1.6M in 2018.