Pinelli Maria 4

What Happened Maria Pinelli, a director of Brightstar Lottery PLC (BRSL), reported the conversion/exercise of restricted share units (RSUs) on May 12, 2026. The filing shows 14,801 RSU-derived shares converted/issued; 625 of those shares were withheld to satisfy tax withholding at $11.55 per share (total $7,219). The report also shows a grant of 17,316 RSUs (derivative award) on the same date. A separate line lists a disposition of 14,801 shares tied to the exercise/conversion with no price reported.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (timely).
• Reported actions and codes: M = exercise/conversion of derivative (14,801 shares acquired and a 14,801-share disposition reported); F = shares withheld for tax (625 shares disposed) at $11.55 each for $7,219; A = grant/award of 17,316 RSUs.
• Footnotes: F1 — the converted RSUs represent contingent rights that vested (vesting date May 12, 2026). F2 — 625 shares withheld for tax liability. F3 — the new 17,316 RSUs vest May 11, 2027 and have no expiration.
• Shares owned after the transactions: not disclosed in the filing.
• No 10b5-1 plan or late filing indication in the report; filing appears timely.

Context

• These transactions reflect RSU vesting and associated tax withholding rather than an open-market purchase or an intentional sale for investment reasons. The appearance of both an acquisition (conversion) and a disposition of 14,801 shares likely reflects mechanics of the RSU conversion and subsequent transfer/processing; the filing does not report a sale price or proceeds for that disposition. Purchases are generally more informative about insider sentiment; vesting and tax-withholding events are common and often administrative.