Form 4: Director Ira H. Raphaelson Acquires Shares in Inspired Entertainment, Inc.

Director Ira H. Raphaelson acquired 8,743 shares of Inspired Entertainment, Inc. through a grant of restricted stock units, with additional vesting scheduled throughout 2025.

Summary

• Ira H. Raphaelson, a director at Inspired Entertainment, Inc., acquired 8,743 shares of common stock on January 2, 2025.
• These shares were obtained through a grant of restricted stock units under the company's non-employee director compensation policy.
• One-quarter of the units vested immediately upon grant, and the remaining three-quarters will vest in three equal installments on April 1, 2025, July 1, 2025, and October 1, 2025.
• The restricted stock units convert into shares of common stock on a one-for-one basis.
• The director also holds 42,716 restricted stock units from previous awards (2017-2021) that are subject to deferred settlement until he ceases to be a board member or upon a change of control of the company.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director receiving equity compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages the director's continued service and contribution to the company.

Industry Context

This is a standard transaction for a director of a public company, aligning their interests with shareholders through equity-based compensation.

Comparison to Industry Standards

• Equity grants to directors are a common practice across publicly traded companies, including those in the entertainment and gaming sectors.
• Companies like Scientific Games (now Light & Wonder) and Aristocrat Leisure also use similar equity-based compensation for their board members.
• The vesting schedule is typical, with staggered vesting periods to incentivize long-term commitment.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Inspired Entertainment, Director, Ira H. Raphaelson, Stock Acquisition, Restricted Stock Units, Share Ownership, Vesting