Brightstar Lottery (BRSL) CEO details PSUs, RSUs and share stakes
Rhea-AI Filing Summary
Brightstar Lottery PLC director and CEO Vincent L. Sadusky filed an initial Form 3 reporting his existing equity interests in the company. He holds performance share units covering 48,375 and 164,835 underlying ordinary shares, granted under the long-term incentive plan for specified three-year performance periods.
He also holds several restricted share unit awards that each represent a contingent right to receive one ordinary share upon vesting, including grants tied to vesting dates on July 14 of 2026, 2027 and 2028, and separate grants vesting on January 1, 2027 and January 1, 2028. In addition, he directly owns ordinary shares and there are ordinary shares held indirectly by the Vincent L. Sadusky Revocable Trust, for which his spouse serves as trustee, with a stated disclaimer of beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2022-2024 Performance Share Units | -- | -- | -- |
| holding | 2023-2025 Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Ordinary Share | -- | -- | -- |
| holding | Ordinary Share | -- | -- | -- |
Footnotes (5)
- F1. These securities are directly owned by the Vincent L. Sadusky Revocable Trust, of which the reporting person's spouse serves as trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
- F2. 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.
- F3. Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer upon vesting. The restricted share units vest in three substantially equal annual installments on July 14 of each of 2026, 2027 and 2028, and have no expiration date.
- F4. Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer upon vesting. The restricted share units vest on January 1, 2027, and have no expiration date.
- F5. Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer upon vesting. The restricted share units vest on January 1, 2028, and have no expiration date.
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