Brightstar Lottery updates CEO performance share units
Brightstar Lottery PLC filed an amended initial ownership report for Chief Executive Officer Vincent L. Sadusky, updating his 2023–2025 performance share units.
Rhea-AI Filing Summary
Brightstar Lottery PLC filed an amended initial ownership report for Chief Executive Officer Vincent L. Sadusky, updating his 2023–2025 performance share units. The amendment corrects the number of units earned after the Compensation Committee certified results to 136,978, each tied to one ordinary share at an exercise price of 0.0000 per share.
The performance share units were granted under the company’s Long-Term Incentive Plan and do not accrue dividends. After performance certification, the award vests 50% on May 1 of the year immediately following the performance period and the remaining 50% on May 1 of the next year.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sadusky Vincent L
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2023-2025 Performance Share Units | -- | -- | -- |
Holdings After Transaction:
2023-2025 Performance Share Units — 136,978 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 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 earned: 136,978 units
Underlying ordinary shares: 136,978 shares
Exercise price: 0.0000
+2 more
5 metrics
Performance share units earned
136,978 units
2023–2025 performance period; underlying ordinary shares
Underlying ordinary shares
136,978 shares
Contingent on vesting of performance share units
Exercise price
0.0000
Conversion of performance share units into ordinary shares
Vesting schedule first tranche
50%
Vests on May 1 of year immediately after performance period ends
Vesting schedule second tranche
50%
Vests on May 1 of the following year after first tranche
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 shown in Column 1"
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 of the Issuer upon vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Brightstar Lottery (BRSL) disclose in this amended Form 3/A?
The filing updates CEO Vincent L. Sadusky’s reported holdings of 2023–2025 performance share units to 136,978. It corrects the original Form 3, which showed units initially granted rather than those actually earned after Compensation Committee performance certification.
What correction does this BRSL Form 3/A make to the prior Form 3?
The amendment explains that the original Form 3 mistakenly reported the initial grant of 2023–2025 performance share units. This Form 3/A replaces that figure with the number of units actually earned after Compensation Committee certification of the three-year performance period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
