Company: BRSL
Filing Date: 2025-02-25
Form Type: 20-F
Source: 0001619762-25-000007
Chunk: 57

Company: Brightstar Lottery PLC
Filing Date: 2025-02-25
Form: 20-F
Item: Item 6
Chunk 57
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’s 2023 financial statements at the 2024 AGM). The vesting of these performance share units and options was also subject to Marco Sala’s continued service as a director until the AGM in May 2024. These shares vested at target:

  Metric (1)                             Type of Condition      Performance % of Target      Target Performance Shares Subject to Metric                  Target Performance Options Subject to Metric              
  Absolute Total Shareholder Return      Performance            182%                                                                          86,250                                                        86,250  

(1) The performance share units and share options subject to the Absolute TSR financial metric were achieved upon approval of the Company’s 2023 financial statements at the 2024 AGM. The average share price for the 60 consecutive trading days ended May 14, 2024 was $24, which shows TSR at 36.38% versus the 20% target increase over the initial price of $17.18.

Amounts accrued for pensions and similar benefits

At December 31, 2024, the total amount accrued by the Company to provide pension, retirement, or similar benefits for its executive officers is $0.2 million.

Severance Arrangements

Certain executive officers of the Company are entitled to severance payments and benefits if such executive officer’s employment is terminated other than for cause under either individual employment agreements or pursuant to provisions of national collective agreements for executives of the industry.

Table of Contents

U. S. Executive Officers

The employment agreements with U. S.-based executive officers (i. e., Messrs. Celadon, C hiara, Gunn, Morgan, Sadusky, and Spears and Mses. Costa and Montgomery) generally provide for the following benefits upon a termination other than for “cause”:

•18 months of base salary;

•18 months of STI (based upon a three-year average) and perquisites;

•18 months tax preparation;

• any accrued but unpaid STI earned for the prior fiscal year;

• a prorated STI for the current fiscal year based on actual performance;

•18 months of health and welfare benefits continuation; and

•18 months following termination of employment to exercise vested stock options, unless the options otherwise expire under the original terms and conditions of the award during such 18-month period.

In addition, upon the U. S.-based executive officer’s death or disability, the executive officer will be entitled to the following benefits under the employment agreements:

•18 months of base salary;

•18 months of ST