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Brightstar Lottery (BRSL) CFO corrects 60,879 2023-2025 performance share units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3/A

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.

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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 shares (Direct)
Footnotes (1)
  1. 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. 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.
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
Performance share units financial
"Performance share units granted under the Issuer's Long-Term Incentive Plan for the three-year performance period"
Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.
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.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Chiara Massimiliano

(Last)(First)(Middle)
10 MEMORIAL BOULEVARD

(Street)
PROVIDENCE RHODE ISLAND 02903

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
03/13/2026
3. Issuer Name and Ticker or Trading Symbol
Brightstar Lottery PLC [ BRSL ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
03/13/2026
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Executive VP and CFO
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
2023-2025 Performance Share Units (1) (1)Ordinary Share60,879(2)(1)D
Explanation of Responses:
1. 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.
2. 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.
/s/ Rafael Rosillo, attorney-in-fact04/10/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

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.

How many Brightstar Lottery (BRSL) performance share units does the CFO hold?

The CFO holds 60,879 2023-2025 performance share units tied to Brightstar Lottery ordinary shares. Each unit represents a contingent right to receive one ordinary share, based on results certified by the Compensation Committee for the three-year performance period.

What does each 2023-2025 performance share unit represent for BRSL?

Each 2023-2025 performance share unit represents a contingent right to receive one ordinary share of Brightstar Lottery PLC upon vesting. The units have no expiration date and do not accrue dividends during the performance and vesting period.

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.

How do the Brightstar Lottery (BRSL) performance share units vest?

After the Compensation Committee certifies results for the three-year period, the earned performance share units vest in two tranches: 50% on May 1 of the year immediately after the period ends and 50% on May 1 of the following year.

Do Brightstar Lottery (BRSL) performance share units pay dividends before vesting?

No. The 2023-2025 performance share units do not accrue dividends before vesting. They only provide a contingent right to receive one ordinary share per unit once vesting conditions are satisfied after performance certification and the scheduled vesting dates.