Inspired Entertainment (INSE) CEO awarded performance stock units tied to 2025 results
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Inspired Entertainment, Inc. President and CEO H. Brooks Pierce reported awards of performance restricted stock units that can convert into common shares on a one-for-one basis. The filing shows 25,526 units credited from a February 11, 2025 grant and 61,775 units from a May 9, 2023 employment-agreement award, both tied to pre-set 2025 performance goals that were achieved at 98.84% of target. These units remain subject to time-based vesting, with one installment scheduled to vest on December 31, 2027. A further tranche of 62,500 target units from the 2023 award is still contingent on meeting 2026 performance criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PIERCE BROOKS H
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 25,526 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 61,775 | $0.00 | -- |
Holdings After Transaction:
Performance Restricted Stock Units — 25,526 shares (Direct)
Footnotes (1)
- Performance restricted stock units convert into shares of common stock on a one-for-one basis. These performance restricted stock units were granted to the reporting person on February 11, 2025 and were conditioned on the attainment of pre-established performance criteria for 2025. The Issuer's compensation committee determined that the performance condition was attained with respect to 25,526 units, representing 98.84% of the reporting person's target award. The units remain subject to a time-based vesting schedule (vesting in one installment on December 31, 2027). These performance restricted stock units were part of an award granted to the reporting person on May 9, 2023 pursuant to the reporting person's employment agreement and were conditioned on the attainment of pre-established performance criteria for 2025. The Issuer's compensation committee determined that the performance condition was attained with respect to 61,775 units, representing 98.84% of the reporting person's target award. There is one remaining tranche covered by the award (in the amount of 62,500 target units) which is conditioned on attainment of pre-established performance criteria for 2026.
FAQ
What did Inspired Entertainment (INSE) CEO report in this Form 4 filing?
The Form 4 shows CEO H. Brooks Pierce received performance restricted stock units that can convert one-for-one into common shares, reflecting achievement of 2025 performance goals, with future vesting and additional 2026-contingent units disclosed.
How many performance stock units did the INSE CEO earn for 2025 performance?
The CEO earned 25,526 units from a 2025 grant and 61,775 units from a 2023 employment-agreement award. Both represent 98.84% of the respective 2025 performance target awards set by Inspired Entertainment’s compensation committee.
When do the reported Inspired Entertainment performance units vest?
The performance restricted stock units tied to 2025 results remain subject to time-based vesting and are scheduled to vest in one installment on December 31, 2027, assuming continued service and other employment-related conditions are satisfied as set in the award terms.
Is there another tranche of Inspired Entertainment performance units tied to 2026?
Yes. One remaining tranche of 62,500 target performance restricted stock units from the May 9, 2023 award is contingent on achieving pre-established performance criteria for 2026, with ultimate payout depending on that future performance assessment by the compensation committee.
Were the Inspired Entertainment performance goals for 2025 fully achieved?
The compensation committee determined 2025 performance reached 98.84% of the CEO’s target awards. This percentage applied to both the February 11, 2025 grant and the May 9, 2023 employment-agreement award, driving the credited 25,526 and 61,775 performance units.