Flutter (NYSE: FLUT) COO awarded shares and nil-cost options in Form 4 filing
Rhea-AI Filing Summary
Bishop James Philip reported acquisition or exercise transactions in this Form 4 filing.
Flutter Entertainment plc Chief Operating Officer James Philip Bishop reported equity awards rather than market trades. He received 11,893 Ordinary Shares as a grant, bringing his direct shareholding to 16,605 Ordinary Shares. The filing notes these are restricted stock units that vest in three substantially equal instalments beginning on September 1, 2027.
He was also awarded nil cost options over Ordinary Shares. One award covers 1,012 options expiring in 2033, with total nil cost options following the transaction of 7,225. Another option line in the filing reflects an amount earned from a previously reported, performance-based award, and does not represent a new grant. Footnotes indicate some options are already fully vested, while others vest on October 1, 2026.
Positive
- None.
Negative
- None.
Insights
Routine compensation-related equity awards; no open-market buying or selling.
These transactions show compensation grants to Flutter Entertainment’s COO, not discretionary stock purchases or sales. The A code, zero transaction price, and references to restricted stock units and nil cost options indicate standard incentive awards designed to align pay with equity performance.
One option entry reflects an earned portion of a previously disclosed performance-based award, so it is an accounting of vesting rather than a fresh grant. With 16,605 Ordinary Shares and 7,225 nil cost options reported as directly held, this filing mainly updates Bishop’s equity position and vesting schedule.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 11,893 | $0.00 | -- |
| Grant/Award | Nil Cost Options (Right to Buy) | 1,012 | $0.00 | -- |
| Grant/Award | Nil Cost Options (Right to Buy) | 3,099 | $0.00 | -- |
Footnotes (1)
- Reflects a grant of restricted stock units that vest in three substantially equal instalments beginning on September 1, 2027. The Reporting Person previously reported this award, which contained certain performance-based criteria. Following certification of the applicable performance criteria, an additional portion of the award became earned and is reported herein. This reflects the earned amount only and does not represent a new grant. These options are fully vested. These options vest on October 1, 2026.