Howe Amy 4
Research Summary
AI-generated summary
Flutter (FLUT) FanDuel CEO Amy Howe Sells Shares, Receives RSUs
What Happened
- Amy Howe, CEO & President of FanDuel (a Flutter subsidiary), settled vested restricted stock units (RSUs) and sold shares on March 11, 2026. Per the filing she acquired a total of 32,883 ordinary shares (combination of RSU settlement/grant and conversion) and sold 8,895 shares in open-market transactions for a combined proceeds of approximately $942,099 (7,551 shares at a $105.80 weighted average = $798,896; 1,344 shares at a $106.55 weighted average = $143,203).
- The RSU-related settlements and conversions show $0 per-share in the filing (these are not cash purchases). The sales appear routine and were used to cover tax-withholding obligations related to the vesting (see footnotes).
Key Details
- Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (filed within the usual two-business-day window).
- Sales: 7,551 shares sold at a weighted average $105.80; 1,344 shares sold at a weighted average $106.55; total proceeds ≈ $942,099.
- Acquisitions/settlements: 13,755 and 4,179 shares recorded as exercise/conversion of derivatives and 14,949 shares recorded as a grant/award — total acquired = 32,883 shares (these stem from RSU vesting/settlement).
- Shares sold to cover tax withholding in connection with RSU vesting (footnote F2). Footnotes F1, F5–F7 explain these were RSUs (one RSU = one ordinary share), with some RSUs vesting/settling March 11, 2026 and remaining RSUs vesting through 2027.
- Shares owned after the transactions are not specified in the summary data of this request.
Context
- These transactions are primarily RSU settlement and tax-withholding sales — common, routine insider activity tied to equity compensation rather than discretionary open-market selling for investment reasons. The filing shows both the award/settlement (A/M codes) and open-market sales (S code).