Brightstar Lottery (BRSL) updates Christopher Clark 2023-2025 PSU award details
Rhea-AI Filing Summary
Brightstar Lottery PLC executive vice president and general counsel Christopher Clark filed an amended Form 3 to correct his 2023-2025 performance share unit holdings. The amendment reports 25,950 performance share units, each tied to one ordinary share at an exercise price of $0.0000.
The units were granted under the company’s Long-Term Incentive Plan based on the Compensation Committee’s certified results for the 2023-2025 performance period. Following certification, the award vests 50% on May 1 of the year after the performance period ends and the remaining 50% on May 1 of the following year, does not accrue dividends, and has no expiration date.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spears Christopher Clark
Role
Executive VP/General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2023-2025 Performance Share Units | -- | -- | -- |
Holdings After Transaction:
2023-2025 Performance Share Units — 25,950 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 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: 25,950 units
Underlying ordinary shares: 25,950 shares
Exercise price: $0.0000 per share
+4 more
7 metrics
Performance share units
25,950 units
2023-2025 performance period; each unit equals one ordinary share
Underlying ordinary shares
25,950 shares
Shares underlying 2023-2025 performance share units
Exercise price
$0.0000 per share
Performance share units convert to ordinary shares at zero exercise price
Performance period
2023-2025
Three-year period used to determine earned performance share units
First vesting date
May 1
50% of earned award vests May 1 after performance period ends
Second vesting date
May 1 (following year)
Remaining 50% vests on May 1 of the subsequent year
Unknown transaction entries
1 entry
Transaction summary shows one holding/unknown-code entry
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"
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"
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
What does the Brightstar Lottery (BRSL) amended Form 3 report for Christopher Clark?
The amended Form 3 reports that Christopher Clark holds 25,950 2023-2025 performance share units. Each unit represents a contingent right to receive one Brightstar ordinary share, based on certified performance results under the Long-Term Incentive Plan.
Why did Brightstar Lottery (BRSL) file an amended Form 3 for Christopher Clark?
The amendment corrects the number of 2023-2025 performance share units originally reported. The initial Form 3 showed units initially granted, while the amendment reflects units actually earned after the Compensation Committee certified performance results.