Brightstar Lottery SVP exercises 5,136 share units
Brightstar Lottery PLC senior vice president and chief accounting officer Morgan David Thomas exercised performance share units and had shares withheld for taxes, resulting in a routine change to his holdings.
Rhea-AI Filing Summary
Brightstar Lottery PLC senior vice president and chief accounting officer Morgan David Thomas exercised performance share units and had shares withheld for taxes, resulting in a routine change to his holdings. On 2026-05-01, he exercised 5,136 performance share units into ordinary shares and 1,560 shares were disposed of to cover tax obligations at $12.80 per share. Net of tax withholding, his direct ownership increased by 3,576 ordinary shares, bringing his post-transaction stake to 22,696 shares. The performance share units were granted under Brightstar’s Long-Term Incentive Plan for the 2022–2024 and 2023–2025 performance periods and vest based on certified results.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,136 shares exercised/converted
Exercise
6 txns
Insider
Morgan David Thomas
Role
SVP/Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022-2024 Performance Share Units | 2,473 | $0.00 | $0.00 |
| Exercise | 2023-2025 Performance Share Units | 2,663 | $0.00 | $0.00 |
| Exercise | Ordinary Share | 2,473 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Share | 752 | $12.80 | $10K |
| Exercise | Ordinary Share | 2,663 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Share | 808 | $12.80 | $10K |
Holdings After Transaction:
2022-2024 Performance Share Units — 0 contracts (Direct);
2023-2025 Performance Share Units — 2,664 contracts (Direct);
Ordinary Share — 24,551 shares (Direct)
Footnotes (3)
- 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. Includes 364 shares acquired through a dividend reinvestment plan.
- F3. Shares withheld for payment of tax liability.
Key Figures
Performance share units exercised: 5,136 units
Shares withheld for taxes: 1,560 shares
Net increase in holdings: 3,576 shares
+4 more
7 metrics
Performance share units exercised
5,136 units
Ordinary shares received from 2022–2024 and 2023–2025 awards on May 1, 2026
Shares withheld for taxes
1,560 shares
Tax-withholding dispositions at $12.80 per share on May 1, 2026
Net increase in holdings
3,576 shares
Net of exercises minus tax withholding on May 1, 2026
Post-transaction holdings
22,696 shares
Direct ordinary share ownership following Form 4 transactions
Tax withholding price
$12.80 per share
Value used for shares withheld to cover tax liability
2023–2025 PSU exercise
2,663 units
Performance share units converted into ordinary shares
2022–2024 PSU exercise
2,473 units
Performance share units converted into ordinary shares
Key Terms
Performance share units, Long-Term Incentive Plan, dividend reinvestment plan, tax-withholding disposition, +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"
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.
dividend reinvestment plan financial
"Includes 364 shares acquired through a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
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 exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What did Brightstar Lottery (BRSL) executive Morgan David Thomas report in this Form 4?
Morgan David Thomas reported exercises of performance share units and related tax withholding. He converted 5,136 performance share units into ordinary shares and had 1,560 shares withheld to satisfy tax obligations, resulting in a net increase of 3,576 shares in his direct holdings.
Were Morgan David Thomas’s Brightstar Lottery (BRSL) transactions open-market buys or sales?
The Form 4 shows no open-market purchases or sales. The transactions consist of option-style exercises of performance share units (code M) and tax-withholding dispositions (code F), where shares were withheld by the issuer to pay taxes, not sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
