Brightstar Lottery PLC (BRSL) EVP gains 3291 shares, 1416 withheld for tax
Rhea-AI Filing Summary
Tasso Marco, EVP and COO, Global Lottery at Brightstar Lottery PLC, reported compensation-related equity transactions on July 14, 2026. He converted 3291 restricted share units into ordinary shares, with 1416 shares withheld to cover taxes at $11.04 per share. Following these events he directly holds 57142 ordinary shares and 6584 restricted share units, which vest in three substantially equal annual installments on July 14 of 2026, 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,291 shares exercised/converted
Mixed
3 txns
Insider
Tasso Marco
Role
EVP and COO, Global Lottery
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 3,291 | -- | -- |
| Exercise | Ordinary Share | 3,291 | -- | -- |
| Tax Withholding | Ordinary Share | 1,416 | $11.04 | $16K |
Holdings After Transaction:
Restricted Share Units — 6,584 shares (Direct);
Ordinary Share — 57,142 shares (Direct)
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 in three substantially equal annual installments on July 14 of each of 2026, 2027 and 2028, and have no expiration date. Shares withheld for payment of tax liability.
Key Figures
RSU Conversion Shares: 3291 shares
Tax-Withheld Shares: 1416 shares
Tax Withholding Price: $11.04 per share
+2 more
5 metrics
RSU Conversion Shares
3291 shares
Ordinary shares received from restricted share unit conversion on July 14, 2026
Tax-Withheld Shares
1416 shares
Ordinary shares withheld to satisfy tax liability at $11.04 per share
Tax Withholding Price
$11.04 per share
Value used for shares withheld for payment of tax liability
Ordinary Shares Held
57142 shares
Direct Brightstar Lottery ordinary share holdings after the reported transactions
Restricted Share Units Held
6584 units
Restricted share units remaining after conversion of 3291 units into ordinary shares
Key Terms
Restricted Share Units, tax-withholding disposition, derivative security
3 terms
tax-withholding disposition financial
"1416 shares were coded as a tax-withholding disposition to cover 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
"The Form 4 describes the RSU conversion as an exercise of a 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transactions did Tasso Marco report on Form 4 for BRSL?
Tasso Marco reported equity events linked to compensation: conversion of 3291 restricted share units into Brightstar Lottery ordinary shares and a tax-withholding disposition of 1416 shares. These movements reflect RSU-related activity rather than open-market buying or selling.
What are Tasso Marco’s Brightstar Lottery (BRSL) holdings after these transactions?
After the reported transactions, Tasso Marco directly holds 57142 ordinary shares of Brightstar Lottery PLC and 6584 restricted share units. The remaining RSUs continue to represent future rights to receive ordinary shares as they vest over time.