Morgan David Thomas 4

What Happened Morgan David Thomas, SVP and Chief Accounting Officer of Brightstar Lottery PLC (BRSL), converted performance-based equity (performance share units) into 5,136 ordinary shares on May 1, 2026. To satisfy tax withholding, 1,560 shares were withheld (752 at $12.80 for $9,626 and 808 at $12.80 for $10,342), totaling $19,968 in tax withholding. The conversion resulted in a net delivery of 3,576 shares to Thomas. Several filing lines also reflect the related extinguishment/conversion of the underlying derivative awards.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026.
• Conversion (code M): 2,473 shares and 2,663 shares — total 5,136 shares acquired upon PSU conversion.
• Tax withholding (code F): 752 shares ($12.80; $9,626) and 808 shares ($12.80; $10,342) — total 1,560 shares withheld (~$19,968).
• Net shares delivered to insider: 3,576 shares (5,136 acquired − 1,560 withheld).
• Footnotes: F1 — these were performance share units (PSUs) under the issuer’s Long-Term Incentive Plan and vest per the Compensation Committee’s certification; F3 — shares withheld to pay tax liability. F2 (364 shares via dividend reinvestment) is noted in the filing but not tied to the PSU conversion lines.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: filed May 5 for May 1 transactions; the Form 4 lists the filing date but does not flag a late filing in the data provided here.

Context These transactions reflect the vesting/conversion of PSUs rather than an open-market buy or sale. The withholding of shares to cover taxes is a routine administrative step (similar to a cashless withholding) and does not necessarily indicate a buying or selling intent. For retail investors, conversions/awards increase insider ownership on a net basis (here, +3,576 net shares), which is a factual change in holdings but not a direct cash-based purchase signal.