Lorne A. Weil - Apr 15, 2024 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Carys Damon, Attorney-in-Fact
Stock symbol
INSE
Transactions as of
Apr 15, 2024
Transactions value $
$0
Form type
4
Date filed
4/17/2024, 07:15 PM
Previous filing
Mar 12, 2024
Next filing
May 23, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INSE Performance Restricted Stock Units Award $0 +11.7K $0.00 11.7K Apr 15, 2024 Common Stock 11.7K Direct F1, F2
transaction INSE Performance Restricted Stock Units Award $0 +62.5K +50% $0.00 188K Apr 15, 2024 Common Stock 62.5K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 on February 14, 2023 and were conditioned on the attainment of pre-established performance criteria for 2023. The Issuer's compensation committee determined that the performance condition was attained with respect to 11,693 units, representing 46.63% of the reporting person's target award. The units remain subject to a time-based vesting schedule (vesting in one installment on December 31, 2025).
F3 These performance restricted stock units were part of an award granted on May 11, 2021 pursuant to the reporting person's employment agreement and were conditioned on the attainment of pre-established performance criteria for 2023. The Issuer's compensation committee determined that the performance condition was attained with respect to the reporting person's target number of units after factoring in the amount of eligible carryover performance from the prior year in excess of the target. Two of the three tranches covered by the award are vested (the tranches for 2022 and 2023). The remaining tranche (in the amount of 62,500 target units) is conditioned on attainment of pre-established performance criteria for 2024.