Company: BRSL
Filing Date: 2025-02-25
Form Type: 20-F
Source: 0001619762-25-000007
Chunk: 54

Company: Brightstar Lottery PLC
Filing Date: 2025-02-25
Form: 20-F
Item: Item 6
Chunk 54
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 and pro rata vesting in the event of disability.

The vesting of the PSUs granted in 2024 is tied to the following performance metrics:

- Cumulative Consolidated Adjusted Free Cash Flow;

- Cumulative Consolidated AEBITDA or Cumulative Global Lottery AEBITDA less Capital Expenditures depending on the employee’s respective business unit; and

- Relative Total Shareholder Return (“ TSR”) performance against the Russell 3000 Mid Cap Market Index.

AEBITDA and TSR were selected as performance measures to provide a strong focus on profit and alignment to shareholder returns, respectively. Adjusted Free Cash Flow is designed to focus on deleveraging and reducing the Net Debt. AEBITDA and Adjusted Free Cash Flow performance are independently scored using separate payout curves; the outcomes of which could result in vested shares that are greater than, equal to, or less than the original amount of total target shares. The performance factor is the product of the individual AEBITDA and Adjusted Free Cash Flow payout curves, multiplied by the relative TSR performance factor.

Actual vesting under the award can range from 0% to 145% of target if all maximum performance targets are met. Financial objectives were established by the Compensation Committee and reviewed by the Board, consistent with the authorization provided by the Company’s shareholders.

Table of Contents

The table below sets forth the PSUs granted pursuant to the Company’s compensation plans to its executive officers during 2024.

  Name                                                           Grant Date Fair Value                 Vesting        Grant           Per Share Market Price on Date of Grant             
                                                                                                       Period         Date                                                                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Marco Sala, Executive Chair                        95,029      $                          18.37      2024-2028      05/09/2024      $                                            20.10  
  Vincent Sadusky, Chief Executive Officer          213,817      $                          18.37      2024-2028      05/09/2024      $                                            20.10  
  Massimiliano Chiara, Chief Financial Officer      118,787      $                          18.37      2024-2028      05/09/2024      $                                            20.10  
  Other executive officers                          316,920      $                          18.37      2024-2028