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Flutter Entertainment plc·4

May 12, 9:36 AM ET

Jackson Jeremy Peter 4

Research Summary

AI-generated summary

Updated

Flutter (FLUT) CEO Jeremy Jackson Buys Stock, Exercises RSUs and Sells Shares

What Happened

  • Jeremy Jackson, CEO of Flutter Entertainment (FLUT), acquired 2,400 shares in an open-market purchase on 2026-05-08 for a weighted average price of $101.94 ($244,656 total). He also had 6,538 RSUs convert to ordinary shares (settled on 2026-05-11) and sold 3,084 shares on 2026-05-11 for $98.13 each (≈ $302,623) to cover tax withholding. Net effect from the reported transactions: +5,854 ordinary shares (6,538 RSU shares + 2,400 purchase − 3,084 sold).

Key Details

  • Transaction dates and prices:
    • 2026-05-08: Open-market purchase of 2,400 shares at weighted avg $101.94 (prices ranged $101.76–$102.03) — $244,656.
    • 2026-05-08: RSU derivative instrument shown as converted/terminated (6,538 units).
    • 2026-05-11: RSU settlement/conversion into 6,538 ordinary shares (no purchase price).
    • 2026-05-11: Sale of 3,084 shares at $98.13 each (price shown converted from GBP72.098956 at GBP1 = $1.3610) — ≈ $302,623. This sale was to cover tax withholding related to the RSU settlement.
  • Shares owned after transaction: Not specified in the information provided in this summary (ownership after reporting not included here).
  • Notable footnotes:
    • F1: Purchase price is a weighted average from multiple trades ($101.76–$102.03).
    • F2/F5/F6: 6,538 RSUs vested on May 8, 2026 and settled into ordinary shares on May 11, 2026; each RSU converts to one share; remaining RSUs vest through 2029.
    • F3: 3,084 shares sold specifically to cover tax withholding on RSU settlement.
    • F4: Sale price converted from GBP to USD at GBP1 = $1.3610.
  • Filing info/timeliness: Form filed 2026-05-12 covering the above transactions through 2026-05-11. The filing shows the transactions and related details; no separate late-filing flag is included in the provided data.

Context

  • These were a mix of an open-market purchase (direct buy, often interpreted as a straightforward insider purchase) and RSU settlement activity. The sale was a routine tax-withholding sale tied to RSU vesting, not necessarily a discretionary liquidity trade. The RSU conversion is a derivative exercise/settlement (not an option exercise for cash), and part of those shares were withheld/sold to meet tax obligations.