Brightstar CFO settles PSUs via tax share withholding
Brightstar Lottery PLC Executive VP and CFO Chiara Massimiliano reported compensation-related equity activity, not open‑market trading.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
73,439 shares exercised/converted
Exercise
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 | $0.00 |
| Exercise | 2022-2024 Performance Share Units | 43,000 | $0.00 | $0.00 |
| Exercise | Ordinary Share | 43,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Share | 20,718 | $12.80 | $265K |
| Exercise | Ordinary Share | 30,439 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Share | 14,671 | $12.80 | $188K |
Holdings After Transaction:
2023-2025 Performance Share Units — 30,440 contracts (Direct);
2022-2024 Performance Share Units — 0 contracts (Direct);
Ordinary Share — 278,132 shares (Direct)
Footnotes (2)
- 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.
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"
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
