Company: BRSL
Filing Date: 2025-07-29
Form Type: 6-K
Source: 0001619762-25-000049
Chunk: 20

Company: Brightstar Lottery PLC
Filing Date: 2025-07-29
Form: 6-K
Chunk 20
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synthetic equity award pursuant to the PlayDigital Equity Award Program designed to align the incentives of certain employees of the Company’s PlayDigital business with the growth in the valuation of such business. The synthetic equity award was scheduled to vest in three, four, and five years after the grant date with tranche percentages of 35%, 25%, and 40% and could be settled in equity or cash.

On March 27, 2024, Enrico Drago’s synthetic equity award was modified to change the valuation methodology applicable to the award and to allow for the continued vesting of the award in consideration of his new role as a member of the Board following his resignation from the role of Chief Executive Officer of the PlayDigital business and the planned sale or other disposition of the PlayDigital business.

On June 25, 2025, Enrico Drago’s synthetic equity award was modified to accelerate the vesting upon the sale of IGT Gaming and change the valuation methodology to align the award with the other plan participant. At June 30, 2025, there is no estimated unrecognized compensation expense attributable to the synthetic equity award granted to Enrico Drago.

#### 16. Subsequent Event

#### IGT Gaming Sale
On July 1, 2025, the Company completed the previously announced sale of IGT Gaming per the Transaction Agreements with Apollo Funds, as described in Note 3. - Discontinued Operations and Assets Held for Sale , herein. The Company estimates the fair value of the proceeds from the transaction to be approximately $4.1 billion to $4.2 billion (subject to certain post-closing adjustments and indemnities) and expects to recognize a gain on the transaction in non-operating income during the third quarter of 2025. As of the date of this report, the Company has not completed the gain on sale of discontinued operations calculation and therefore the estimates presented are subject to further refinement and may result in changes.

On July 1, 2025, the Company announced the planned use of the proceeds as follows:

• $2.0 billion used for previously disclosed contractual debt reductions.

• $1.1 billion to be returned to shareholders:

◦ The Company's Board of Directors declared a special cash dividend to common stockholders in the amount of $3.00 per share. The record date of the distribution was July 14, 2025 and payable on July 29, 2025.

◦ In addition, the Board authorized a $500 million, two-year share rep