Sadusky Vincent L 4
4 · Brightstar Lottery PLC · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Brightstar Lottery CEO Vincent Sadusky Exercises Awards
What Happened
Vincent L. Sadusky, CEO of Brightstar Lottery PLC (BRSL), had performance share units vest and converted into 116,863 ordinary shares on May 1, 2026. To cover tax obligations, 49,487 of those shares were withheld and disposed at $12.80 per share, producing combined proceeds of $633,434 (two withholdings of $262,208 and $371,226). The net shares delivered to Sadusky after withholding were approximately 67,376 shares. This was a conversion/vesting of compensation awards rather than an open-market purchase or voluntary sale.
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (appears filed after the typical 2-business-day deadline).
- Vested/converted (derivative exercise/conversion, code M): 48,375 shares + 68,488 shares = 116,863 shares acquired.
- Tax-withholding disposals (code F): 20,485 shares @ $12.80 = $262,208 and 29,002 shares @ $12.80 = $371,226; total withheld 49,487 shares for $633,434.
- Net shares received after withholding: ~67,376 shares.
- Shares owned after the transaction: not specified in the filing.
- Relevant footnotes: F1 = these were performance share units (PSUs) under the LTIP that vest per the Compensation Committee certification; F2 = shares withheld to pay tax liability; F3 = certain securities are owned by a revocable trust (spouse is trustee) and the reporting person disclaims beneficial ownership except for pecuniary interest.
Context
This was a compensation-driven vesting/conversion of PSUs (derivative exercise), with shares withheld to satisfy tax withholding — effectively a cashless tax payment rather than a market sale for investment purposes. Footnote F1 clarifies the award structure and vesting schedule; F3 notes some reported securities are held in a trust. No implication about intent to buy or sell additional shares beyond this routine vesting event.
Insider Transaction Report
- Exercise/Conversion
Ordinary Share
[F1]2026-05-01+48,375→ 390,545 total - Tax Payment
Ordinary Share
[F2]2026-05-01$12.80/sh−20,485$262,208→ 370,060 total - Exercise/Conversion
Ordinary Share
[F1]2026-05-01+68,488→ 438,548 total - Tax Payment
Ordinary Share
[F2]2026-05-01$12.80/sh−29,002$371,226→ 409,546 total - Exercise/Conversion
2022-2024 Performance Share Units
[F1]2026-05-01−48,375→ 0 total→ Ordinary Share (48,375 underlying) - Exercise/Conversion
2023-2025 Performance Share Units
[F1]2026-05-01−68,488→ 68,490 total→ Ordinary Share (68,488 underlying)
- 12,710(indirect: By Trust)
Ordinary Share
[F3]
Footnotes (3)
- [F1]Performance share units granted under the Issuer's Long-Term Incentive Plan for the three-year performance period shown in Column 1, based on the Compensation Committee's certified results for that period. Each performance share unit represents a contingent right to receive one ordinary share of the Issuer upon vesting, and has no expiration date. The performance share units do not accrue dividends. Following certification, the award vests 50% on May 1 of the year immediately after the performance period ends and 50% on May 1 of the following year.
- [F2]Shares withheld for payment of tax liability.
- [F3]These securities are directly owned by the Vincent L. Sadusky Revocable Trust, of which the reporting person's spouse serves as trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.