Form 4: Inspired Entertainment Executive Chairman Lorne Weil Reports Stock Transactions
SEC Form 4 Filing
Executive Chairman Lorne Weil of Inspired Entertainment, Inc. reports the acquisition and disposal of common stock and restricted stock units, primarily through indirect ownership via LLCs and trusts.
Summary
- Lorne Weil, Executive Chairman of Inspired Entertainment, Inc., reported several transactions involving the company's common stock and restricted stock units on January 6, 2025.
- These transactions include the acquisition of 55,182 common shares through the vesting of restricted stock units, and the disposal of 24,962 shares to cover tax obligations.
- The transactions also involved the vesting of various restricted stock units, including performance-based units, all of which are held indirectly through LLCs and trusts.
- Mr. Weil disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
- The reported transactions also include the vesting of 8,373, 25,117, 8,359 and 13,333 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by an executive, and does not indicate any positive or negative sentiment.
Management Comments
- The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It is a routine part of corporate governance and transparency.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The transactions reported are typical for executives who receive stock-based compensation, such as restricted stock units.
- The use of LLCs and trusts for holding securities is a common practice for estate planning and asset management among high-net-worth individuals.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/14/2022 | Date of grant for some of the restricted stock units. |
| 12/30/2022 | First vesting date for some of the restricted stock units granted on February 14, 2022. |
| 12/29/2023 | Second vesting date for some of the restricted stock units granted on February 14, 2022 and first vesting date for some of the restricted stock units granted on February 14, 2023. |
| 03/08/2024 | Date of grant for some of the restricted stock units. |
| 12/31/2024 | Final vesting date for some of the restricted stock units granted on February 14, 2022, second vesting date for some of the restricted stock units granted on February 14, 2023 and first vesting date for some of the restricted stock units granted on March 8, 2024. |
| 01/06/2025 | Date of the reported stock transactions. |
| 01/08/2025 | Date of the Form 4 filing. |
| 12/31/2025 | Future vesting date for some of the restricted stock units granted on February 14, 2023 and March 8, 2024. |
| 12/31/2026 | Future vesting date for some of the restricted stock units granted on March 8, 2024. |
Keywords
stock transactions, beneficial ownership, restricted stock units, executive chairman, Form 4, Inspired Entertainment, INSE, Lorne Weil
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