Brightstar Lottery (BRSL) corrects 60,879 performance share unit holdings
Rhea-AI Filing Summary
Brightstar Lottery PLC Executive Chair Sala Marco updated his initial ownership report to show 60,879 2023-2025 performance share units tied to ordinary shares. These units were granted under the company’s Long-Term Incentive Plan based on the Compensation Committee’s certified performance results for the three-year period.
Each performance share unit represents a contingent right to receive one ordinary share with no expiration date and no dividend accrual. After certification, the award vests 50% on May 1 of the year following the performance period and 50% on May 1 of the subsequent year. This amendment corrects the originally reported number of units from those initially granted to those actually earned.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sala Marco
Role
Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2023-2025 Performance Share Units | -- | -- | -- |
Holdings After Transaction:
2023-2025 Performance Share Units — 60,879 shares (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 17, 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; underlying ordinary shares
Underlying ordinary shares
60,879 shares
Contingent on vesting of performance share units
Exercise price
$0.0000 per unit
Performance share units under Long-Term Incentive Plan
Holding entries
1 entry
Form 3/A reflects a single holding correction
Vesting schedule
50% + 50%
50% vests on May 1 after period, 50% next May 1
Key Terms
Performance share units, Long-Term Incentive Plan, Compensation Committee, vesting, +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.
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.
contingent right financial
"Each performance share unit represents a contingent right to receive one ordinary share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Why was Sala Marco’s Brightstar Lottery (BRSL) Form 3 amended?
The Form 3 was amended to correct the number of 2023-2025 performance share units reported. The original filing mistakenly showed the units initially granted, while the amendment now reflects only the units actually earned after the Compensation Committee certified performance results for the period.