Brightstar Lottery PLC (BRSL) EVP exercises RSUs as tax withholding trims shares
Rhea-AI Filing Summary
Brightstar Lottery PLC executive VP and general counsel Christopher Clark Spears had 10,344 restricted share units convert into ordinary shares on July 14, 2026. Of those, 4,381 shares were withheld to satisfy tax liabilities at $10.71 per share. After these compensation-related transactions, he holds 125,537 ordinary shares directly and 20,690 restricted share units. Each restricted share unit represents a right to receive one ordinary share and vests in three substantially equal annual installments on July 14 of 2026, 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,344 shares exercised/converted
Mixed
3 txns
Insider
Spears Christopher Clark
Role
Executive VP/General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 10,344 | -- | -- |
| Exercise | Ordinary Share | 10,344 | -- | -- |
| Tax Withholding | Ordinary Share | 4,381 | $10.71 | $47K |
Holdings After Transaction:
Restricted Share Units — 20,690 shares (Direct);
Ordinary Share — 125,537 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
RSUs converted to shares: 10,344 shares
Shares withheld for taxes: 4,381 shares
Tax-withholding price: $10.71 per share
+2 more
5 metrics
RSUs converted to shares
10,344 shares
Restricted share units converted into ordinary shares on July 14, 2026
Shares withheld for taxes
4,381 shares
Ordinary shares withheld to cover tax liability at $10.71 per share
Tax-withholding price
$10.71 per share
Value used for tax-withholding disposition of 4,381 ordinary shares
Post-transaction ordinary shares
125,537 shares
Ordinary shares held directly by Christopher Clark Spears after transactions
Post-transaction RSUs
20,690 units
Restricted share units outstanding following RSU conversion on July 14, 2026
Key Terms
Restricted Share Units, tax-withholding disposition, derivative security
3 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition of 4,381 ordinary shares"
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
"transaction_code_description: 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did BRSL executive Christopher Clark Spears report?
Christopher Clark Spears reported 10,344 restricted share units converting into ordinary shares, with 4,381 shares withheld to cover tax liabilities. These transactions reflect equity compensation vesting rather than open-market buying or selling of Brightstar Lottery PLC shares.
Is Christopher Clark Spears’s Form 4 activity in BRSL an open-market sale or purchase?
The activity involves RSU vesting and tax withholding, not open-market trades. Shares were acquired through conversion of restricted share units, while 4,381 shares were withheld solely to satisfy tax obligations related to the vesting.