Jackson Jeremy Peter 4
Research Summary
AI-generated summary
Flutter (FLUT) CEO Jeremy Jackson Sells 4,326 Shares
What Happened Jeremy Jackson, CEO of Flutter Entertainment plc (FLUT), had a package of restricted stock units (RSUs) vest and settle into ordinary shares on March 11, 2026. As part of that settlement/conversion, 4,326 shares were sold in an open-market transaction for $108.00 each, generating approximately $467,208. Other RSU-related conversions/settlements occurred the same day at $0.00 per share (these reflect RSU settlement rather than a cash purchase).
Key Details
- Primary transaction date: March 11, 2026 (filing date: March 13, 2026). The Form 4 appears timely.
- Open-market sale: 4,326 shares sold at $108.00 per share = $467,208.
- RSU settlements/exercises (reported as conversions of derivatives at $0.00) on March 11, 2026: multiple entries totaling tens of thousands of RSUs settled into ordinary shares (e.g., 31,684 RSUs reported as settled on March 11, 2026).
- Some shares were converted and immediately disposed/withheld to cover tax withholding obligations (footnote: shares sold to cover tax withholding).
- Filing does not state the total shares Jackson owned following these transactions in the data provided.
- Relevant footnotes: RSUs represent the right to one ordinary share each; certain RSU grants vest on later dates or are subject to holding periods and performance conditions (some vesting through 2029; some subject to a two‑year holding period until 2027).
Context
- These transactions are largely RSU settlements (not cash purchases). The entries showing acquisition at $0.00 reflect issuance on vesting rather than paid purchases. The subsequent sale of 4,326 shares appears to be a routine disposition (partly to cover tax withholding and/or taken to market).
- For retail investors: RSU vesting and related sell-to-cover tax actions are common executive compensation mechanics and do not necessarily signal the CEO’s forward market view.