Brightstar director exercises RSUs, gets new award
Brightstar Lottery PLC director Lorenzo Pellicioli reported routine equity compensation changes.
Rhea-AI Filing Summary
Brightstar Lottery PLC director Lorenzo Pellicioli reported routine equity compensation changes. On May 12, 2026, 14,801 restricted share units were exercised into ordinary shares at $0.00 per share, and 1,450 of the resulting shares were withheld at $11.55 per share to cover tax liabilities, leaving a net share increase.
He also received a new award of 17,316 restricted share units, each representing one ordinary share, scheduled to vest on May 11, 2027. After these transactions, he directly holds 92,749 ordinary shares and indirectly holds 102,435 ordinary shares through Flavus S.r.l, where he is the sole shareholder. The filing also corrects a minor share-count error from his prior Form 3, with no trades between that filing and this one.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,801 shares exercised/converted
Exercise
5 txns
Insider
Pellicioli Lorenzo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 17,316 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 14,801 | $0.00 | $0.00 |
| Exercise | Ordinary Share | 14,801 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Share | 1,450 | $11.55 | $17K |
| holding | Ordinary Share | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 17,316 contracts (Direct);
Ordinary Share — 92,749 shares (Direct);
Ordinary Share — 102,435 shares (Indirect, By Flavus S.r.l)
Footnotes (5)
- F1. 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.
- F2. This Form 4 reflects a correction to the number of ordinary shares reported as directly beneficially owned by the reporting person on the Form 3 filed on March 17, 2026. Due to an administrative error, the Form 3 reported direct beneficial ownership of 79,389 ordinary shares; the correct number of ordinary shares directly beneficially owned as of that date was 79,398. No transactions occurred between the Form 3 filing date and the date of this Form 4.
- F3. Shares withheld for payment of tax liability.
- F4. Reporting person is the sole shareholder of Flavus S.r.l.
- 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 May 11, 2027, and have no expiration date.
Key Figures
RSUs exercised: 14,801 shares
Tax-withheld shares: 1,450 shares at $11.55
New RSU grant: 17,316 RSUs
+3 more
6 metrics
RSUs exercised
14,801 shares
Restricted share units converted to ordinary shares on May 12, 2026
Tax-withheld shares
1,450 shares at $11.55
Shares withheld to pay tax liability on May 12, 2026
New RSU grant
17,316 RSUs
Award vesting on May 11, 2027, each for one ordinary share
Direct holdings after transactions
92,749 shares
Ordinary shares directly owned after May 12, 2026 activity
Indirect holdings via Flavus S.r.l
102,435 shares
Ordinary shares indirectly owned as of May 12, 2026
Corrected prior holding
79,398 shares
Correct direct ownership as of March 17, 2026 Form 3 date
Key Terms
Restricted Share Units, tax-withholding disposition, beneficially owned, Form 3, +1 more
5 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
beneficially owned financial
"the correct number of ordinary shares directly beneficially owned as of that date was 79,398."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Form 3 regulatory
"reported as directly beneficially owned by the reporting person on the Form 3 filed on March 17, 2026."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What did Brightstar Lottery (BRSL) director Lorenzo Pellicioli report on this Form 4?
He reported routine equity compensation activity, including exercising 14,801 restricted share units into ordinary shares, tax withholding on 1,450 shares, a new grant of 17,316 restricted share units, and updated direct and indirect share ownership levels.
What new equity award did Pellicioli receive from Brightstar Lottery (BRSL)?
He received a grant of 17,316 restricted share units, each representing a contingent right to one ordinary share. These restricted share units are scheduled to vest on May 11, 2027, and have no expiration date, providing additional future equity exposure if vesting conditions are met.
What are Pellicioli’s Brightstar Lottery (BRSL) holdings after these transactions?
After the reported transactions, he directly owns 92,749 ordinary shares and indirectly owns 102,435 ordinary shares through Flavus S.r.l. The indirect position reflects shares held by that entity, where he is disclosed as the sole shareholder in the filing’s footnotes.
Did this Brightstar Lottery (BRSL) Form 4 include any corrections to prior disclosures?
Yes. It corrects the number of ordinary shares previously reported as directly beneficially owned on his March 17, 2026 Form 3, adjusting the figure from 79,389 to 79,398 shares. The footnote states no transactions occurred between that Form 3 and this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
