Brightstar Lottery PLC·4

May 14, 6:10 PM ET

Hunter Ashley Maurene 4

Research Summary

AI-generated summary

Updated

Brightstar Lottery (BRSL) Director Hunter Maurene Exercises Options, Sells Shares

What Happened

  • Hunter Ashley Maurene, a director of Brightstar Lottery plc (BRSL), converted/ exercised derivative awards on May 12, 2026 and also received a grant of restricted share units (RSUs). The filing shows 14,801 derivative units were converted (exercise/conversion, code M) and 14,801 shares were disposed. Separately, 2,230 shares were withheld to satisfy tax/exercise obligations at $11.55 per share (total reported value $25,757; code F). In addition, 17,316 RSUs were granted (code A) as a derivative award.

Key Details

  • Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (filed within the typical two-business-day window).
  • Conversions/exercises: 14,801 derivative units converted (M); 14,801 shares listed as disposed (value N/A in filing).
  • Tax/price-withholding: 2,230 shares withheld at $11.55/share to cover tax/exercise liability, totaling $25,757 (code F; footnote F2).
  • Grant: 17,316 RSUs granted (code A) — these are derivative awards (footnote F3 indicates these RSUs vest May 11, 2027).
  • Footnotes of interest:
    • F1: Some RSUs vest on May 12, 2026 and convert to one ordinary share each upon vesting.
    • F2: Shares were withheld to pay tax liability.
    • F3: The newly granted 17,316 RSUs vest on May 11, 2027 and have no expiration.
  • Shares owned after the reported transactions: not specified in the provided filing excerpt.

Context

  • The filing shows a typical exercise/conversion plus sell- or transfer-to-cover tax withholding rather than an open-market purchase. The 2,230-share disposition was explicitly for tax/ exercise payment (sell/withhold), while the larger 14,801-share disposal is reported without a per-share price (N/A) in the filing. The 17,316 RSU grant is a future vesting award (2027). These kinds of sell/withhold actions are commonly routine administrative steps to satisfy tax or exercise costs and do not by themselves indicate the insider’s market view.