Brightstar Lottery exec corrects 5,327 PSU holdings
Brightstar Lottery PLC executive Morgan David Thomas, the SVP and Chief Accounting Officer, filed an amended Form 3 to correct his reported holdings of 2023-2025 performance share units.
Rhea-AI Filing Summary
Brightstar Lottery PLC executive Morgan David Thomas, the SVP and Chief Accounting Officer, filed an amended Form 3 to correct his reported holdings of 2023-2025 performance share units. The amendment clarifies that he holds 5,327 performance share units earned based on the Compensation Committee’s certified results for the three-year performance period.
Each performance share unit represents a contingent right to receive one ordinary share upon vesting, carries no expiration date, and does not accrue dividends. Following certification, the award vests in two equal installments, 50% on May 1 of the year after the performance period ends and 50% on May 1 of the following year.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morgan David Thomas
Role
SVP/Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2023-2025 Performance Share Units | -- | -- | -- |
Holdings After Transaction:
2023-2025 Performance Share Units — 5,327 contracts (Direct)
Footnotes (2)
- F1. Performance share units granted under the Issuer's Long-Term Incentive Plan for the three-year performance period shown in Column 1, based on the Compensation Committee's certified results for that period. Each performance share unit represents a contingent right to receive one ordinary share of the Issuer upon vesting, and has no expiration date. The performance share units do not accrue dividends. Following certification, the award vests 50% on May 1 of the year immediately after the performance period ends and 50% on May 1 of the following year.
- F2. This Form 3/A amends the Form 3 originally filed on March 13, 2026 to correct the number of 2023-2025 performance share units reported. The original filing inadvertently reported 2023-2025 performance share units initially granted rather than those earned upon Compensation Committee certification of performance results.
Key Figures
Performance share units held: 5,327 units
Underlying ordinary shares: 5,327 shares
Exercise price: $0.0000 per share
+2 more
5 metrics
Performance share units held
5,327 units
2023-2025 performance share units following correction
Underlying ordinary shares
5,327 shares
Each unit represents one ordinary share
Exercise price
$0.0000 per share
Performance share units have no exercise cost
Initial vesting tranche
50% of units
Vests on May 1 after performance period ends
Second vesting tranche
50% of units
Vests on May 1 of the following year
Key Terms
Performance share units, Long-Term Incentive Plan, Compensation Committee, contingent right, +1 more
5 terms
Long-Term Incentive Plan financial
"Performance share units granted under the Issuer's Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Compensation Committee financial
"based on the Compensation Committee's certified results for that period"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
contingent right financial
"Each performance share unit represents a contingent right to receive one ordinary share"
Form 3/A regulatory
"This Form 3/A amends the Form 3 originally filed"
An amended Form 3 (Form 3/A) is a corrected or updated disclosure filed with regulators that revises an insider’s initial report of their ownership in a public company — typically for officers, directors or large shareholders. Investors use it like a corrected inventory list: it clarifies who owns how many shares and whether earlier reports had errors, helping assess insider confidence, possible conflicts and the accuracy of ownership records that can affect stock valuation and trust.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Brightstar Lottery (BRSL) Form 3/A amendment report for Morgan David Thomas?
The Form 3/A shows that Morgan David Thomas holds 5,327 2023-2025 performance share units. These units were earned based on Compensation Committee certified results and represent contingent rights to receive ordinary shares upon vesting under the company’s long-term incentive plan.
Why did Brightstar Lottery (BRSL) file an amended Form 3/A for Morgan David Thomas?
The amended Form 3/A corrects the number of 2023-2025 performance share units previously reported. The original filing showed the initial grant amount instead of the units actually earned following Compensation Committee certification of the three-year performance results.
What underlying security do Morgan David Thomas’s Brightstar Lottery (BRSL) performance share units convert into?
Each 2023-2025 performance share unit held by Morgan David Thomas converts into one Brightstar Lottery PLC ordinary share upon vesting. The derivative position lists 5,327 underlying ordinary shares with a zero exercise price and no expiration date under the long-term incentive plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
