Brightstar Lottery (BRSL) executive chair reports extensive share and option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Brightstar Lottery PLC executive chair Sala Marco filed an initial ownership report detailing equity and incentive holdings in the company. The filing shows direct holdings of performance share units tied to 2022–2024 results for 43,000 underlying ordinary shares and 2023–2025 results for 73,260 shares. Marco also holds 66,933 restricted share units that vest in three equal annual installments on July 14 of 2026, 2027 and 2028. In addition, there are fully vested stock options over 172,500 ordinary shares at an exercise price of $17.37 per share, expiring on May 14, 2028. Separately, 1,594,423 ordinary shares are held indirectly through Olea Holding S.r.l., reflecting Marco’s pecuniary interest via related entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Sala Marco
Role
Executive Chair
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2022-2024 Performance Share Units | -- | -- | -- |
| holding | 2023-2025 Performance Share Units | -- | -- | -- |
| holding | Restricted Share Units | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Ordinary Share | -- | -- | -- |
Holdings After Transaction:
2022-2024 Performance Share Units — 43,000 shares (Direct);
2023-2025 Performance Share Units — 73,260 shares (Direct);
Restricted Share Units — 66,933 shares (Direct);
Stock Options (Right to Buy) — 172,500 shares (Direct);
Ordinary Share — 1,594,423 shares (Indirect, By Olea Holding S.r.l.)
Footnotes (1)
- Held indirectly through Olea Holding S.r.l.; reporting person has pecuniary interest as usufructuary of quota interests in Quercus Societ? Semplice and Casia Societ? Semplice, which together own Olea Holding S.r.l. 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. 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. These options are fully vested and immediately exercisable.
FAQ
What does Sala Marco’s Form 3 filing for BRSL disclose?
The Form 3 discloses initial ownership details for Sala Marco in Brightstar Lottery PLC, including performance share units, restricted share units, stock options, and a large block of ordinary shares held indirectly through Olea Holding S.r.l. This sets a baseline of his economic interest.
What incentive awards does Sala Marco hold in Brightstar Lottery (BRSL)?
Sala Marco holds 2022–2024 performance share units for 43,000 shares, 2023–2025 performance share units for 73,260 shares, and 66,933 restricted share units. Each unit represents a contingent right to receive one ordinary share of Brightstar Lottery PLC upon vesting.
What are the terms of Sala Marco’s stock options in Brightstar Lottery PLC?
Sala Marco holds fully vested, immediately exercisable stock options over 172,500 ordinary shares with an exercise price of $17.37 per share, expiring on May 14, 2028. These options give him the right to buy Brightstar Lottery PLC shares at that fixed price.