Brightstar Lottery (BRSL) director exercises RSUs and gets new 17,316-unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brightstar Lottery PLC director Tondato Da Ruos Gian Mario exercised equity awards and had shares withheld for taxes. On May 12, 2026, 14,801 restricted share units converted into the same number of ordinary shares, while 3,431 ordinary shares were withheld at $11.55 per share to cover tax liabilities.
After these transactions, he directly held 111,058 ordinary shares. He also received a new grant of 17,316 restricted share units, each representing a contingent right to one ordinary share that vests on May 11, 2027, while the RSUs exercised on this date vest on May 12, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,801 shares exercised/converted
Mixed
4 txns
Insider
Tondato Da Ruos Gian Mario
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 17,316 | $0.00 | -- |
| Exercise | Restricted Share Units | 14,801 | $0.00 | -- |
| Exercise | Ordinary Share | 14,801 | $0.00 | -- |
| Tax Withholding | Ordinary Share | 3,431 | $11.55 | $40K |
Holdings After Transaction:
Restricted Share Units — 17,316 shares (Direct, null);
Ordinary Share — 111,058 shares (Direct, null)
Footnotes (1)
- Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer upon vesting. The restricted share units vest on May 12, 2026, and have no expiration date. Shares withheld for payment of tax liability. Each restricted share unit represents a contingent right to receive one ordinary share of the Issuer upon vesting. The restricted share units vest on May 11, 2027, and have no expiration date.
Key Figures
RSUs converted: 14,801 shares
Shares withheld for taxes: 3,431 shares at $11.55
Ordinary shares held: 111,058 shares
+3 more
6 metrics
RSUs converted
14,801 shares
Restricted share units converting into ordinary shares on May 12, 2026
Shares withheld for taxes
3,431 shares at $11.55
Ordinary shares withheld to cover tax liability on May 12, 2026
Ordinary shares held
111,058 shares
Direct holdings after reported transactions
New RSU grant
17,316 units
Restricted share units granted, vesting May 11, 2027
RSU vest date (first tranche)
May 12, 2026
Vesting date for RSUs that converted into ordinary shares
RSU vest date (new grant)
May 11, 2027
Vesting date for newly granted RSUs
Key Terms
Restricted Share Units, tax-withholding disposition, derivative security, contingent right
4 terms
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted share unit represents a contingent right to receive one ordinary share"
FAQ
What insider transactions did BRSL director Tondato Da Ruos report?
The director reported RSU-related activity, including 14,801 restricted share units converting into ordinary shares and a new grant of 17,316 restricted share units. These transactions reflect equity compensation mechanics rather than open-market buying or selling.
What new equity award did the BRSL director receive in this filing?
He received 17,316 restricted share units, each representing a contingent right to one ordinary share. These new RSUs have no expiration date and are scheduled to vest on May 11, 2027, adding to his potential future equity in Brightstar Lottery PLC.