MCCANN JAMES F 4

What Happened

• James F. McCann, a director of Brightstar Lottery PLC (BRSL), reported multiple transactions on May 12, 2026. He exercised/converted 16,280 derivative shares and there is a concurrent disposition of 16,280 shares reported. Separately, 1,594 shares were withheld to satisfy tax withholding at $11.55/share (total $18,411). He was also granted 19,048 restricted share units (RSUs) as an award.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (appears timely under the two‑business‑day rule).
• Exercise/conversion: 16,280 shares (transaction code M). Report shows both an acquisition by exercise and a simultaneous disposition of 16,280 shares (no per‑share price reported for the exercise/disposition).
• Tax withholding: 1,594 shares withheld (transaction code F) at $11.55/share for $18,411 paid to cover tax liability.
• Grant/Award: 19,048 RSUs (transaction code A) reported as a derivative award.
• Shares owned after the transactions: Not specified in the provided filing.
• Footnotes of note:
  • F1: Certain RSUs vested on May 12, 2026 and have no expiration.
  • F2: Shares were withheld to pay tax liability (applies to the 1,594‑share withholding).
  • F3: The 19,048 RSUs granted vest on May 11, 2027 and have no expiration.

Context

• The filing shows an exercise/conversion together with a disposition of the same 16,280 shares and a separate share withholding to cover taxes; this pattern is often consistent with a net or cashless settlement of equity awards (the filing does not disclose sale prices or cash proceeds).
• Grants of RSUs (the 19,048 award) are future compensation and vest on the date noted in the footnote; they don’t represent an immediate buy or sell decision by the insider.
• No indication of late filing in the provided data; no 10% owner/insider special notes apply here.