Chiara Massimiliano 4

What Happened

• Chiara Massimiliano, Executive Vice President, CFO and a director of Brightstar Lottery PLC (BRSL), had performance share units vest and converted to common shares on 2026-05-01. A total of 73,439 performance share units converted into shares (43,000 + 30,439).
• To satisfy tax withholding, the company withheld 20,718 shares (valued at $12.80 each, $265,190) and 14,671 shares (valued at $12.80 each, $187,789), for total withheld value of $452,979. Net shares delivered to Massimiliano after withholding were 38,050 (73,439 − 35,389).

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-05 (filing appears late relative to the usual Section 16 reporting window).
• Reported prices for tax-withheld shares: $12.80 per share (used to compute withholding values).
• Shares converted: 43,000 and 30,439 performance share units (total 73,439). Shares withheld for taxes: 20,718 and 14,671 (total 35,389).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — these were performance share units under the issuer’s Long-Term Incentive Plan (3-year performance period; vested per Compensation Committee certification); F2 — shares were withheld to pay tax liability (share withholding).

Context

• This was a vesting/conversion of performance share units (derivative conversion), not an open-market sale or purchase. The withholding of shares to cover taxes is a routine, non-market disposition (cashless settlement).
• For retail investors, such award vesting signals compensation realization but does not necessarily reflect a buy/sell decision by the insider. The late filing may be administratively notable but does not change the substance of the transaction.