April 15, 2024 · Form 4 insider transaction
WEIL A LORNE bought 62,500 shares of Inspired Entertainment, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Performance restricted stock units convert into shares of common stock on a one-for-one basis.; 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.