Brightstar Lottery PLC·4

May 14, 6:06 PM ET

Ravich Samantha Fay 4

Research Summary

AI-generated summary

Updated

Brightstar (BRSL) Director Ravich Fay Exercises Derivatives, Receives RSUs

What Happened Ravich Samantha Fay, a director of Brightstar Lottery PLC (BRSL), had restricted share units (RSUs) vest on May 12, 2026 that converted into 14,801 ordinary shares. To cover tax withholding, 1,564 of those shares were withheld/surrendered at $11.55 per share for a tax payment of $18,064. In the same filing she was also granted 17,316 new RSUs (these RSUs are a derivative award and do not represent immediately tradable shares).

Key Details

  • Transaction date: May 12, 2026; Form filed May 14, 2026 (timely).
  • Vesting/conversion: 14,801 RSUs converted into shares (listed as exercise/conversion of derivative).
  • Tax withholding: 1,564 shares withheld at $11.55 per share to satisfy tax liability = $18,064.
  • New award: 17,316 RSUs granted (derivative award; per footnote vest on May 11, 2027).
  • Net shares received from this vesting event: 14,801 − 1,564 = 13,237 shares retained from the vested batch.
  • Footnotes: F1 = RSUs vested on May 12, 2026; F2 = shares withheld for tax payment; F3 = new RSUs vest May 11, 2027.
  • Shares owned after transaction: the filing does not state total holdings beyond the net shares retained from this vesting.

Context This filing reflects a routine equity compensation vesting and tax-withholding event (conversion of RSUs and shares withheld to pay taxes), not an open-market sale or discretionary purchase. The withholding (code F) is common when RSUs vest; the granted RSUs (code A) are future compensation that vest later (May 11, 2027). Such transactions generally reflect compensation mechanics rather than a direct buy/sell signal of the director’s market view.