Brightstar Lottery PLC filings document the regulatory disclosures of a foreign private issuer operating a global lottery technology and services business. Form 20-F and annual report materials describe the company's business overview, financial performance, sustainability reporting, principal risks and uncertainties, governance, directors' remuneration, and consolidated and parent financial statements.
Form 6-K current reports cover AGM notices and proxy materials, audited annual reports, quarterly and annual results releases, dividends, ordinary share repurchases held in treasury, senior secured multicurrency revolving credit facilities, and board and governance updates. The filings also disclose capital-structure matters, credit covenants, guarantees and collateral arrangements, and risk factors tied to Brightstar's lottery operations.
Brightstar Lottery PLC director Lorenzo Pellicioli reported routine equity compensation changes. On May 12, 2026, 14,801 restricted share units were exercised into ordinary shares at $0.00 per share, and 1,450 of the resulting shares were withheld at $11.55 per share to cover tax liabilities, leaving a net share increase.
He also received a new award of 17,316 restricted share units, each representing one ordinary share, scheduled to vest on May 11, 2027. After these transactions, he directly holds 92,749 ordinary shares and indirectly holds 102,435 ordinary shares through Flavus S.r.l, where he is the sole shareholder. The filing also corrects a minor share-count error from his prior Form 3, with no trades between that filing and this one.
Brightstar Lottery PLC reported stronger Q1 2026 results from its core lottery business. Total revenue in the quarter was $587 million, slightly above $583 million a year earlier, as higher instant ticket and draw-game sales, especially in Italy and other international markets, offset the loss of the U.K. contract and higher Italian Lotto license amortization.
Income from continuing operations rose to $63 million from $8 million, and diluted earnings per share from continuing operations improved to $0.20 from a loss of $0.11. The swing reflected stronger service revenue, lower foreign-exchange losses, lower taxes, and cost savings from the OPtiMa restructuring program, partly offset by higher Italian Lotto amortization.
Operating cash flow from continuing operations was $165 million compared with $185 million, while capital spending increased to $110 million, mainly for Italian and U.S. contracts. Brightstar ended the quarter with $1.25 billion of cash and $2.82 billion of total liquidity, against $4.01 billion of debt, and continues to invest heavily in the Italian Lotto license while returning cash via a $0.23 per-share dividend and ongoing share repurchases.
Brightstar Lottery PLC reported a stronger first quarter of 2026 with higher profits, solid margins, and a new dividend. Revenue inched up to $587 million from $583 million, but income from continuing operations jumped to $63 million from $8 million, reflecting better performance in Italy and disciplined costs.
GAAP diluted earnings per share from continuing operations improved to $0.20 from a loss of $(0.11), while Adjusted EBITDA rose 15% to $287 million and the Adjusted EBITDA margin expanded to 48.9%. Free cash flow decreased to $55 million as capital expenditures increased and working capital swung negative.
The company deployed over $70 million to shareholders in the quarter, including $30 million of share repurchases and $42 million of dividends, and declared a quarterly dividend of $0.23 per share payable on June 11, 2026. Net debt fell to $2.75 billion, with a reported net debt leverage ratio of 2.4% and liquidity of about $1.8 billion pro forma for the final Italy Lotto license payment, while full-year 2026 revenue and profit guidance was reaffirmed.
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.
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.
Brightstar Lottery PLC Executive Chair Sala Marco reported compensation-related share movements rather than open-market trades. On May 1, 2026, Marco exercised performance share units to acquire 73,439 Ordinary Shares and had 33,438 shares withheld to cover tax liabilities, as indicated by F-code transactions.
The filing also records 1,594,423 Ordinary Shares held indirectly through Olea Holding S.r.l., in which Marco has a pecuniary interest as usufructuary of quota interests in related entities. No open-market purchases or sales were reported in this filing.
Brightstar Lottery Executive VP/General Counsel Christopher Clark exercised 30,761 performance share units into the same number of ordinary shares on May 1, 2026, under the company’s long-term incentive plan. To cover taxes, 10,712 shares were withheld at $12.80 per share, leaving him with 115,193 ordinary shares held directly.
Brightstar Lottery PLC senior vice president and chief accounting officer Morgan David Thomas exercised performance share units and had shares withheld for taxes, resulting in a routine change to his holdings. On 2026-05-01, he exercised 5,136 performance share units into ordinary shares and 1,560 shares were disposed of to cover tax obligations at $12.80 per share. Net of tax withholding, his direct ownership increased by 3,576 ordinary shares, bringing his post-transaction stake to 22,696 shares. The performance share units were granted under Brightstar’s Long-Term Incentive Plan for the 2022–2024 and 2023–2025 performance periods and vest based on certified results.
Brightstar Lottery PLC executive vice president and general counsel Christopher Clark filed an amended Form 3 to correct his 2023-2025 performance share unit holdings. The amendment reports 25,950 performance share units, each tied to one ordinary share at an exercise price of $0.0000.
The units were granted under the company’s Long-Term Incentive Plan based on the Compensation Committee’s certified results for the 2023-2025 performance period. Following certification, the award vests 50% on May 1 of the year after the performance period ends and the remaining 50% on May 1 of the following year, does not accrue dividends, and has no expiration date.
Brightstar Lottery PLC executive Morgan David Thomas, the SVP and Chief Accounting Officer, filed an amended Form 3 to correct his reported holdings of 2023-2025 performance share units. The amendment clarifies that he holds 5,327 performance share units earned based on the Compensation Committee’s certified results for the three-year performance period.
Each performance share unit represents a contingent right to receive one ordinary share upon vesting, carries no expiration date, and does not accrue dividends. Following certification, the award vests in two equal installments, 50% on May 1 of the year after the performance period ends and 50% on May 1 of the following year.