Drago Enrico 4

What Happened

Drago Enrico, a director of Brightstar Lottery PLC (BRSL), had restricted share units (RSUs) vest on May 12, 2026 and converted 14,801 derivative units into ordinary shares. To satisfy tax withholding, 1,890 of those shares were surrendered at $11.55 per share for a tax payment of $21,830. Separately, he was granted 17,316 new RSUs (a future award) that vest on May 11, 2027.

This was mainly an award/vesting event rather than a market purchase or voluntary sale; the only share disposition was routine withholding to cover taxes.

Key Details

• Transaction date: May 12, 2026 (Filed May 14, 2026 — timely Form 4).
• Vested/converted: 14,801 derivative units converted to shares (transaction code M).
• Tax withholding: 1,890 shares withheld (transaction code F) at $11.55/share = $21,830.
• New grant: 17,316 RSUs awarded (transaction code A), vesting May 11, 2027 (no expiration).
• Net shares received from the vesting event: 14,801 − 1,890 = 12,911 shares (based on the reported conversions and withholdings).
• Footnotes: F1/F3 describe RSUs and vesting dates; F2 indicates shares were withheld for tax liability.
• Shares owned after the transactions: not specified in the excerpted filing.
• Filing timeliness: Report appears timely (filed within the Form 4 filing window).

Context

• M indicates exercise/conversion of a derivative (here, RSUs vesting into ordinary shares). F indicates shares surrendered to satisfy tax withholding — a routine, non-market sale. A indicates a grant/award of RSUs that vest in the future.
• These transactions reflect compensation and tax withholding rather than an investment decision; routine withholdings are common and do not necessarily indicate the director’s market view.