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Flutter sets CEO Dan Taylor's $1.14M base salary

Dan Taylor may give 12 months’ written notice to end employment; Flutter may give three months’ notice or payment in lieu.

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Form Type
8-K/A

Rhea-AI Filing Summary

Flutter Entertainment plc (FLUT) disclosed compensation arrangements for Dan Taylor, whose appointment as chief executive officer and board member is effective October 1, 2026. His annual base salary is $1,140,000, plus a $110,000 directorship fee; together, these are defined as Total Salary.

For 2027, Taylor is eligible for a discretionary annual incentive with a target of 200% of Total Salary and a maximum of 400%. The 2027 RSU grant has a grant-date fair value of 290% of Total Salary and is scheduled to vest in three equal installments on September 1, 2028, September 1, 2029, and September 1, 2030, subject to continued employment. The PSU grant has a grant-date fair value of 870% of Total Salary, with maximum vesting of 1,740%; vesting is scheduled for September 1, 2030, subject to continued employment and performance targets. One-time promotional grants are valued at $2,083,131 in RSUs and $6,249,394 in PSUs. Taylor’s shareholding requirement is 600% of Total Salary, and company-funded pension contributions or equivalent cash are 5% of Total Salary.

Filing Explained

This amendment adds Dan Taylor’s termination terms: he may leave on 12 months’ written notice, while the company may end his employment on three months’ notice or payment in lieu; the underlying agreements will be filed as an exhibit to Flutter’s quarterly report for the quarter ending September 30, 2026.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Annual base salary $1,140,000 per year Dan Taylor’s compensation arrangement
2027 annual incentive target opportunity 200% of Total Salary Discretionary annual incentive
2027 annual incentive maximum opportunity 400% of Total Salary Discretionary annual incentive
RSU grant-date fair value 290% of Total Salary 2027 grant
PSU grant-date fair value 870% of Total Salary 2027 grant
PSU maximum vesting 1,740% of Total Salary 2027 PSU grant
Promotional RSU award value $2,083,131 One-time promotional equity award
Promotional PSU award value $6,249,394 One-time promotional equity award
restricted stock units financial
"grant of restricted stock units (RSUs)"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"performance stock units (PSUs)"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
grant date fair value financial
"grant date fair value of 290% of Total Salary"
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What compensation is Dan Taylor eligible for at Flutter (FLUT)?

Dan Taylor’s annual base salary is $1,140,000 plus a $110,000 directorship fee, together defined as Total Salary. For 2027, he is eligible for a discretionary annual incentive with a 200% target opportunity and a 400% maximum opportunity of Total Salary.

When do Dan Taylor’s promotional equity awards vest at Flutter (FLUT)?

The promotional RSUs, valued at $2,083,131, are scheduled to vest in three equal installments on September 1, 2027, September 1, 2028, and September 1, 2029, subject to continued employment. Promotional PSUs, valued at $6,249,394, are scheduled to vest on September 1, 2029, subject to continued employment and achievement of the performance targets set for the 2026 PSU cycle.

What are Dan Taylor’s employment notice terms at Flutter (FLUT)?

Taylor may terminate his employment by providing Flutter with 12 months’ written notice. Flutter may terminate his employment by providing three months’ written notice or payment in lieu of that notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
true 0001635327 0001635327 2026-08-01 2026-08-01
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Form 8-K/A

(Amendment No. 1)

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 1, 2026

 

 

Flutter Entertainment plc

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Ireland   001-37403   98-1782229
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification Number)

 

One Madison Avenue

New York, New York

  10010
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: (646) 930-0950

 

(Former Name or Former Address, if Changed Since Last Report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Ordinary Shares, nominal value of €0.09 per share   FLUT   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


EXPLANATORY NOTE

As previously reported on a Form 8-K filed by Flutter Entertainment plc (the “Company” or “Flutter”) with the Securities and Exchange Commission on August 5, 2026 (the “Original Form 8-K”), the Company appointed Dan Taylor as the Company’s next Chief Executive Officer and a member of the Board of Directors (the “Board”), effective October 1, 2026. This Amendment No. 1 is being filed to disclose Mr. Taylor’s compensation arrangements, which had not been determined at the time the Original Form 8-K was filed. This Amendment No. 1 makes no other amendments to the Original Form 8-K.

 

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Service Agreement with Mr. Taylor

In connection with his appointment, on October 1, 2026, Flutter Services UK Limited and Flutter Entertainment UK Limited (each, subsidiaries of the Company) entered into a new Service Agreement, Offer Letter and a director appointment letter with Mr. Taylor, pursuant to which he will be entitled to receive a base salary of $1,140,000 per year and a $110,000 directorship fee (together, the “Total Salary”). For 2027, Mr. Taylor will be eligible to receive a discretionary annual incentive with a target opportunity of 200% of Total Salary (and a maximum opportunity of 400% of Total Salary), a grant of restricted stock units (“RSUs”) with a grant date fair value of 290% of Total Salary scheduled to vest in three equal installments on September 1, 2028, September 1, 2029 and September 1, 2030 subject to continued employment, and performance stock units (“PSUs”) with a grant date fair value of 870% of Total Salary scheduled to vest on September 1, 2030 subject to continued employment and achievement of performance targets which will be set by the Compensation & Human Resources (“C&HR”) Committee of the Board and communicated in 2027 (with potential maximum vesting at 1,740% of Total Salary in the case of the PSUs). Mr. Taylor will also receive a one-time grant of a promotional equity award consisting of RSUs to the value of $2,083,131 and PSUs to the value of $6,249,394. These promotional equity RSUs are scheduled to vest in three equal instalments on September 1, 2027, September 1, 2028, and September 1, 2029, subject to continued employment and promotional equity PSUs are scheduled to vest on September 1, 2029, subject to continued employment and achievement of the performance targets set for the 2026 PSU cycle. Mr. Taylor will be subject to a shareholding requirement equal to 600% of Total Salary. Mr. Taylor will receive Company funded pension contributions (or the equivalent value in cash) of 5% of Total Salary.

Mr. Taylor will bear the cost of his own worldwide taxes, and the Company will not provide tax equalization payments. Flutter will arrange and pay for reasonable personal tax return support and reasonable advice in respect of Mr. Taylor’s US, UK and Irish tax returns in connection with his employment.

Under the terms of the Service Agreement, Mr. Taylor may terminate his employment by providing the Company with 12 months’ written notice, and the Company may terminate Mr. Taylor’s employment by providing him with 3 months’ written notice (or payment in lieu of such notice).

The foregoing description of the Service Agreement, Offer Letter and director appointment letter is a summary and is qualified in its entirety by reference to the corresponding agreement, which will be filed as an exhibit to Flutter’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2026.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Flutter Entertainment plc
    (Registrant)
Date: October 1, 2026     By:  

/s/ Edward Traynor

    Name:   Edward Traynor
    Title:   Company Secretary

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