What tax-related transactions appear in the Brightstar Lottery (BRSL) Form 4 for the CFO?

The Form 4 shows two F-code transactions where a total of 35,389 ordinary shares were withheld at $12.80 per share to satisfy tax liabilities triggered by the vesting and settlement of the CFO’s performance share unit awards.

Brightstar Lottery (BRSL) CFO settles performance units, withholds shares for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Brightstar Lottery PLC Executive VP and CFO Chiara Massimiliano reported compensation-related equity activity, not open‑market trading. On May 1, 2026, she exercised performance share units from the 2022‑2024 and 2023‑2025 cycles into a total of 73,439 ordinary shares at a conversion price of $0.00 per share. To cover tax liabilities on these vested awards, 35,389 ordinary shares were withheld at a reference price of $12.80 per share, as noted in the footnotes. After these exercises and tax-withholding dispositions, she directly holds 219,364 ordinary shares, reflecting a routine vesting and settlement of long‑term incentive awards rather than discretionary buying or selling.

Insider Trade Summary

73,439 shares exercised/converted

Mixed 6 txns

Insider Chiara Massimiliano

Role Executive VP and CFO

Type	Security	Shares	Price	Value
Exercise	2023-2025 Performance Share Units	30,439	$0.00	--
Exercise	2022-2024 Performance Share Units	43,000	$0.00	--
Exercise	Ordinary Share	43,000	$0.00	--
Tax Withholding	Ordinary Share	20,718	$12.80	$265K
Exercise	Ordinary Share	30,439	$0.00	--
Tax Withholding	Ordinary Share	14,671	$12.80	$188K

Holdings After Transaction: 2023-2025 Performance Share Units — 30,440 shares (Direct, null); 2022-2024 Performance Share Units — 0 shares (Direct, null); Ordinary Share — 283,082 shares (Direct, null)

Footnotes (1)

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. Shares withheld for payment of tax liability.

Key Figures

Performance share units exercised: 73,439 shares Shares withheld for taxes: 35,389 shares Post-transaction holdings: 219,364 shares +2 more

5 metrics

Performance share units exercised 73,439 shares PSUs from 2022–2024 and 2023–2025 cycles converted on May 1, 2026

Shares withheld for taxes 35,389 shares Withheld at $12.80 per share to cover tax liability

Post-transaction holdings 219,364 shares Ordinary shares directly held by CFO after all reported transactions

Tax reference price $12.80 per share Value used for F-code tax-withholding dispositions

Derivative exercises 73,439 shares ExerciseCount 2, ExerciseShares 73,439 in transaction summary

Key Terms

performance share units, Long-Term Incentive Plan, tax-withholding disposition, derivative exercise/conversion, +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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition"

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

"transaction_action": "derivative exercise/conversion"

Compensation Committee's certified results financial

"based on the Compensation Committee's certified results for that period"

Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 06:14 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chiara Massimiliano

(Last)

(First)

(Middle)

10 MEMORIAL BOULEVARD

(Street)

PROVIDENCE

RHODE ISLAND

02903

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Brightstar Lottery PLC [ BRSL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive VP and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Share	05/01/2026		M		43,000	A	⁽¹⁾	283,082	D
Ordinary Share	05/01/2026		F		20,718⁽²⁾	D	$12.8	219,364	D
Ordinary Share	05/01/2026		M		30,439	A	⁽¹⁾	292,803	D
Ordinary Share	05/01/2026		F		14,671⁽²⁾	D	$12.8	278,132	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2023-2025 Performance Share Units	⁽¹⁾	05/01/2026		M			30,439	⁽¹⁾	⁽¹⁾	Ordinary Share	30,439	⁽¹⁾	30,440	D
2022-2024 Performance Share Units	⁽¹⁾	05/01/2026		M			43,000	⁽¹⁾	⁽¹⁾	Ordinary Share	43,000	⁽¹⁾	0	D

Explanation of Responses:

1. 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.

2. Shares withheld for payment of tax liability.

	/s/ Rafael Rosillo, attorney-in-fact	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Brightstar Lottery (BRSL) report for Chiara Massimiliano?

Brightstar Lottery reported that CFO Chiara Massimiliano exercised performance share units into ordinary shares and had a portion of those shares withheld to cover tax liabilities, reflecting routine settlement of long-term incentive compensation rather than discretionary market trades.

How many Brightstar Lottery (BRSL) shares did the CFO acquire and for what awards?

The CFO acquired 73,439 ordinary shares through the exercise of 2022–2024 and 2023–2025 performance share units granted under Brightstar Lottery’s Long-Term Incentive Plan, following the Compensation Committee’s certification of results for those three-year performance periods.

Were any of the CFO’s Brightstar Lottery (BRSL) transactions open-market sales or purchases?

No. The filing shows derivative exercises and tax-withholding dispositions only. Shares were issued upon vesting of performance share units and some were withheld to pay taxes, with no open-market buying or selling activity reported in these transactions.

How many Brightstar Lottery (BRSL) shares does the CFO hold after these Form 4 transactions?

After completing the exercises and related tax-withholding dispositions, CFO Chiara Massimiliano directly holds 219,364 ordinary shares of Brightstar Lottery, according to the post-transaction ownership figures disclosed in the Form 4 filing.