PIERCE BROOKS H 4
4 · Inspired Entertainment, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Inspired Entertainment (INSE) CEO Brooks H. Pierce Receives Award
What Happened
Brooks H. Pierce, President and CEO of Inspired Entertainment (INSE), received two grants of performance-based restricted stock units (PRSUs) totaling 87,301 units (25,526 + 61,775) reported as acquisitions on March 10, 2026. The grants were recorded at $0.00 (no cash paid); these are derivative awards that convert one-for-one into common shares when they vest.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely within the usual two-business-day window).
- Transaction type/code: A (Grant/award/acquisition); reported price $0.00.
- Units granted: 25,526 PRSUs (from a Feb 11, 2025 award) and 61,775 PRSUs (from a May 9, 2023 award) — total 87,301 units.
- Conversion: PRSUs convert 1-for-1 into common stock upon vesting (Footnote F1).
- Vesting/time conditions: The 25,526 units are performance-achieved but remain subject to time-based vesting (vest in one installment on Dec 31, 2027) (F2). The 61,775 units reflect attainment of 98.84% of a target award tied to 2025 performance; one remaining tranche of that multi-year award (62,500 target units) is tied to 2026 performance (F3).
- Shares owned after transaction: Not specified in the excerpt of the filing.
Context
These are performance-based, time‑vesting awards rather than open-market purchases or sales, so they represent compensation contingent on company performance and continued service rather than an immediate bullish or bearish trading signal. No cash changed hands at grant; the economic value depends on future vesting criteria and INSE’s stock price at conversion.
Insider Transaction Report
- Award
Performance Restricted Stock Units
[F1][F2]2026-03-10+25,526→ 25,526 total→ Common Stock (25,526 underlying) - Award
Performance Restricted Stock Units
[F1][F3]2026-03-10+61,775→ 124,275 total→ Common Stock (61,775 underlying)
Footnotes (3)
- [F1]Performance restricted stock units convert into shares of common stock on a one-for-one basis.
- [F2]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).
- [F3]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.