Form 4: Director Katja Tautscher Receives Stock Grant in Inspired Entertainment

Director Katja Tautscher received a grant of restricted stock units in Inspired Entertainment, vesting over the next several quarters.

Summary

• Katja Tautscher, a director at Inspired Entertainment, Inc., received a grant of 7,949 restricted stock units on January 2, 2025.
• 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.
• These units convert into shares of common stock on a one-for-one basis.
• The settlement of these vested units is deferred until Ms. Tautscher ceases to be a director or upon a change in control of the company.
• The report also notes that Ms. Tautscher has 5,130 restricted stock units from a 2021 award that are also subject to deferred settlement.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, which is generally positive for aligning director and shareholder 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 continued service on the board.
• The deferred settlement of vested units further ties the director's compensation to the long-term success of the company.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity-based compensation.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly listed companies.
• The vesting schedule of one-quarter immediately and the remainder over three quarters is a fairly standard approach.
• Deferred settlement of vested units until the director leaves the board or a change in control is also a common practice to ensure long-term alignment.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, which is generally positive.
• The vesting schedule encourages continued service on the board, which benefits the company and its stakeholders.

Key Dates

Keywords

restricted stock units, director compensation, stock grant, vesting, deferred settlement, Inspired Entertainment, INSE, Katja Tautscher