Inspired Entertainment (INSE) CEO awarded performance stock units tied to 2025 results
Rhea-AI Filing Summary
Inspired Entertainment, Inc. President and CEO H. Brooks Pierce reported awards of performance restricted stock units that can convert into common shares on a one-for-one basis. The filing shows 25,526 units credited from a February 11, 2025 grant and 61,775 units from a May 9, 2023 employment-agreement award, both tied to pre-set 2025 performance goals that were achieved at 98.84% of target. These units remain subject to time-based vesting, with one installment scheduled to vest on December 31, 2027. A further tranche of 62,500 target units from the 2023 award is still contingent on meeting 2026 performance criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Stock Units | 25,526 | $0.00 | -- |
| Grant/Award | Performance Restricted Stock Units | 61,775 | $0.00 | -- |
Footnotes (1)
- Performance restricted stock units convert into shares of common stock on a one-for-one basis. These performance restricted stock units were granted to the reporting person on February 11, 2025 and were conditioned on the attainment of pre-established performance criteria for 2025. The Issuer's compensation committee determined that the performance condition was attained with respect to 25,526 units, representing 98.84% of the reporting person's target award. The units remain subject to a time-based vesting schedule (vesting in one installment on December 31, 2027). These performance restricted stock units were part of an award granted to the reporting person on May 9, 2023 pursuant to the reporting person's employment agreement and were conditioned on the attainment of pre-established performance criteria for 2025. The Issuer's compensation committee determined that the performance condition was attained with respect to 61,775 units, representing 98.84% of the reporting person's target award. There is one remaining tranche covered by the award (in the amount of 62,500 target units) which is conditioned on attainment of pre-established performance criteria for 2026.
FAQ
What did Inspired Entertainment (INSE) CEO report in this Form 4 filing?
How many performance stock units did the INSE CEO earn for 2025 performance?
When do the reported Inspired Entertainment performance units vest?
Is there another tranche of Inspired Entertainment performance units tied to 2026?
Were the Inspired Entertainment performance goals for 2025 fully achieved?