Brightstar Lottery (BRSL) CEO exercises performance units, covers tax with shares
Rhea-AI Filing Summary
Brightstar Lottery PLC director and CEO Vincent L. Sadusky reported routine equity compensation activity involving performance share units and related tax withholding. He exercised 68,488 and 48,375 performance share units into ordinary shares, increasing his direct share ownership.
To cover tax obligations, 29,002 and 20,485 ordinary shares were withheld at a price of $12.80 per share, which is a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, he directly held 370,060 ordinary shares and indirectly held 12,710 ordinary shares through the Vincent L. Sadusky Revocable Trust, where his spouse is trustee and he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 67,376 shares
Net Buy
7 txns
Insider
Sadusky Vincent L
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022-2024 Performance Share Units | 48,375 | $0.00 | $0.00 |
| Exercise | 2023-2025 Performance Share Units | 68,488 | $0.00 | $0.00 |
| Exercise | Ordinary Share | 48,375 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Share | 20,485 | $12.80 | $262K |
| Exercise | Ordinary Share | 68,488 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Share | 29,002 | $12.80 | $371K |
| holding | Ordinary Share | -- | -- | -- |
Holdings After Transaction:
2022-2024 Performance Share Units — 0 shares (Direct);
2023-2025 Performance Share Units — 68,490 shares (Direct);
Ordinary Share — 409,546 shares (Direct);
Ordinary Share — 12,710 shares (Indirect, By trust)
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. Shares withheld for payment of tax liability.
- F3. These securities are directly owned by the Vincent L. Sadusky Revocable Trust, of which the reporting person's spouse serves as trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
Key Figures
PSUs exercised (2023-2025): 68,488 units
PSUs exercised (2022-2024): 48,375 units
Shares withheld for taxes (block 1): 29,002 shares at $12.80
+5 more
8 metrics
PSUs exercised (2023-2025)
68,488 units
Converted into ordinary shares on 2026-05-01
PSUs exercised (2022-2024)
48,375 units
Converted into ordinary shares on 2026-05-01
Shares withheld for taxes (block 1)
29,002 shares at $12.80
Tax-withholding disposition on 2026-05-01
Shares withheld for taxes (block 2)
20,485 shares at $12.80
Tax-withholding disposition on 2026-05-01
Direct ordinary shares after transactions
370,060 shares
Direct ownership following 2026-05-01 transactions
Indirect ordinary shares via trust
12,710 shares
Held by Vincent L. Sadusky Revocable Trust
Total derivative exercises
116,863 units
ExerciseShares in transaction summary
Total tax-withholding shares
49,487 shares
TaxWithholdingShares in transaction summary
Key Terms
Performance share units, Long-Term Incentive Plan, tax liability, Revocable Trust, +2 more
6 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.
tax liability financial
"Shares withheld for payment of tax liability."
Revocable Trust financial
"These securities are directly owned by the Vincent L. Sadusky Revocable Trust, of which the reporting person's spouse serves as trustee."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did BRSL CEO Vincent Sadusky report in this Form 4 filing?
Vincent L. Sadusky reported exercising performance share units into Brightstar Lottery ordinary shares and having shares withheld to cover tax obligations. The activity reflects routine equity compensation vesting rather than open-market stock purchases or sales.
What does the trust ownership disclosure mean for BRSL investors?
Some BRSL shares are held by the Vincent L. Sadusky Revocable Trust, where his spouse is trustee. The filing states he disclaims beneficial ownership beyond his pecuniary interest, clarifying that voting and investment authority may rest primarily with the trust’s trustee.