PIERCE BROOKS H 4

What Happened
Brooks H. Pierce, President and CEO of Inspired Entertainment (INSE), received two grants of performance-based restricted stock units (PRSUs) totaling 87,301 units (25,526 + 61,775) reported as acquisitions on March 10, 2026. The grants were recorded at $0.00 (no cash paid); these are derivative awards that convert one-for-one into common shares when they vest.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely within the usual two-business-day window).
• Transaction type/code: A (Grant/award/acquisition); reported price $0.00.
• Units granted: 25,526 PRSUs (from a Feb 11, 2025 award) and 61,775 PRSUs (from a May 9, 2023 award) — total 87,301 units.
• Conversion: PRSUs convert 1-for-1 into common stock upon vesting (Footnote F1).
• Vesting/time conditions: The 25,526 units are performance-achieved but remain subject to time-based vesting (vest in one installment on Dec 31, 2027) (F2). The 61,775 units reflect attainment of 98.84% of a target award tied to 2025 performance; one remaining tranche of that multi-year award (62,500 target units) is tied to 2026 performance (F3).
• Shares owned after transaction: Not specified in the excerpt of the filing.

Context
These are performance-based, time‑vesting awards rather than open-market purchases or sales, so they represent compensation contingent on company performance and continued service rather than an immediate bullish or bearish trading signal. No cash changed hands at grant; the economic value depends on future vesting criteria and INSE’s stock price at conversion.