Brightstar Lottery CFO updates 60,879 performance units
Brightstar Lottery PLC Executive VP and CFO Chiara Massimiliano filed an amended Form 3 to update her equity awards.
Rhea-AI Filing Summary
Brightstar Lottery PLC Executive VP and CFO Chiara Massimiliano filed an amended Form 3 to update her equity awards. The filing reports 60,879 2023-2025 performance share units, each representing a contingent right to receive one ordinary share upon vesting under the company’s Long-Term Incentive Plan.
The amendment corrects the original Form 3, which had shown the units initially granted instead of those actually earned after the Compensation Committee certified performance results. The earned award vests 50% on May 1 of the year after the three-year period ends and 50% on May 1 of the following year.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chiara Massimiliano
Role
Executive VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2023-2025 Performance Share Units | -- | -- | -- |
Holdings After Transaction:
2023-2025 Performance Share Units — 60,879 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: 60,879 units
Underlying ordinary shares: 60,879 shares
Exercise price: $0.0000 per unit
+2 more
5 metrics
Performance share units
60,879 units
2023-2025 performance period; contingent right to one ordinary share per unit
Underlying ordinary shares
60,879 shares
Underlying Brightstar Lottery ordinary shares linked to the performance units
Exercise price
$0.0000 per unit
Performance share units granted under Long-Term Incentive Plan
First vesting tranche
50% of units
Vests on May 1 of the year immediately after the performance period ends
Second vesting tranche
50% of units
Vests on May 1 of the following year after the first vesting date
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 for the three-year performance period"
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 of the Issuer upon vesting"
vesting financial
"Following certification, the award vests 50% on May 1 of the year immediately after the performance period ends"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Brightstar Lottery (BRSL) disclose in this amended Form 3?
Brightstar Lottery disclosed that Executive VP and CFO Chiara Massimiliano holds 60,879 2023-2025 performance share units. The amendment corrects the prior Form 3, which reported initially granted units instead of the amount actually earned after Compensation Committee certification.
Why did Brightstar Lottery (BRSL) CFO amend the original Form 3?
The CFO amended the Form 3 to correct the number of 2023-2025 performance share units reported. The original filing mistakenly showed units initially granted, instead of the units actually earned following Compensation Committee certification of the three-year performance period results.
AI-generated analysis. How Rhea-AI works. Not financial advice.
