Brightstar Lottery (BRSL) director exercises RSUs, now holds 38K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brightstar Lottery PLC director Hunter Ashley Maurene reported compensation-related equity activity involving Ordinary Shares and Restricted Share Units (RSUs). On May 12, 2026, 14,801 RSUs were exercised into ordinary shares, while 2,230 shares were withheld at $11.55 per share to cover tax liabilities. After these transactions, the filing shows 38,143 Ordinary Shares held directly. Maurene also received a new award of 17,316 RSUs, each representing a contingent right to one ordinary share. Existing RSUs vest on May 12, 2026, and the newly granted RSUs vest on May 11, 2027, with no expiration date. The activity reflects option and RSU mechanics rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,801 shares exercised/converted
Mixed
4 txns
Insider
Hunter Ashley Maurene
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 | 2,230 | $11.55 | $26K |
Holdings After Transaction:
Restricted Share Units — 17,316 shares (Direct, null);
Ordinary Share — 40,373 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 exercised: 14,801 shares
Shares withheld for taxes: 2,230 shares at $11.55
New RSU grant: 17,316 RSUs
+3 more
6 metrics
RSUs exercised
14,801 shares
Restricted Share Units converted into Ordinary Shares on May 12, 2026
Shares withheld for taxes
2,230 shares at $11.55
Tax-withholding disposition on May 12, 2026
New RSU grant
17,316 RSUs
RSU award vesting May 11, 2027 with no expiration date
Shares held after transactions
38,143 Ordinary Shares
Direct holdings following May 12, 2026 activity
RSU vesting date (existing grant)
May 12, 2026
RSUs representing one Ordinary Share each vest on this date
RSU vesting date (new grant)
May 11, 2027
New RSUs vest on this date with no expiration
Key Terms
Restricted Share Units, tax-withholding disposition, derivative security, Ordinary Share
4 terms
tax-withholding disposition financial
"Shares withheld for payment of tax liability."
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.
FAQ
What equity transactions did BRSL director Hunter Ashley Maurene report?
Maurene reported RSU-related equity activity, not open-market trades. 14,801 Restricted Share Units were exercised into Ordinary Shares, 2,230 shares were withheld for taxes at $11.55, and 17,316 new RSUs were granted as compensation awards.
What RSU grants and vesting schedules did Maurene report for BRSL?
Maurene reported 14,801 RSUs that convert into one Ordinary Share each and vest on May 12, 2026, plus a new grant of 17,316 RSUs vesting on May 11, 2027. Both grants have no expiration date and settle in Ordinary Shares upon vesting.
What does the $11.55 price on the BRSL Form 4 represent?
The $11.55 figure is the price per share used when 2,230 Ordinary Shares were withheld to cover tax liabilities. This tax-withholding disposition settled Maurene’s tax obligation on the RSU vesting rather than indicating an open-market sale transaction.
Does Maurene still hold any unvested RSUs in Brightstar Lottery (BRSL)?
Yes. The Form 4 shows 17,316 Restricted Share Units outstanding after the grant, each tied to one future Ordinary Share. These RSUs are scheduled to vest on May 11, 2027 and have no expiration date, according to the disclosed footnote.