Form 4: Lorne Weil Receives Performance-Based Stock Units in Inspired Entertainment

Lorne Weil, Executive Chairman of Inspired Entertainment, was granted performance-based restricted stock units that convert into common stock, based on the attainment of performance criteria for 2024.

Summary

• Lorne Weil, Executive Chairman of Inspired Entertainment, received performance restricted stock units (PRSUs) on March 26, 2025.
• These PRSUs are based on the attainment of pre-established performance criteria for 2024.
• The compensation committee determined that the performance condition was met, resulting in the grant of 24,000 units reflecting 60% of the target award, and 62,500 units based on prior years performance.
• The 24,000 units vest on December 31, 2026.
• The units are held indirectly through Hydralex Holdings LLC, owned by trusts for the benefit of Weil's children and other beneficiaries.
• Weil disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects the standard practice of awarding performance-based compensation, suggesting confidence in the executive's ability to meet performance targets. The fact that the compensation committee exercised discretion to approve an incremental number of units is a positive sign.

Positives

• The grant of performance restricted stock units indicates that the compensation committee believes Weil has met certain performance criteria.
• The vesting of the units is tied to continued service, aligning Weil's interests with the long-term success of the company.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the granted units.

Industry Context

This filing is a routine disclosure of executive compensation in the form of stock-based awards, which is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly traded companies, particularly for executive roles.
• Companies like Scientific Games (now Light & Wonder) and International Game Technology (IGT) also utilize stock options and restricted stock units as part of their executive compensation packages.
• The specific terms of the performance criteria and vesting schedules would need to be compared to those of peer companies to assess whether they are in line with industry standards.

Stakeholder Impact

• The grant of performance-based equity aligns management's interests with those of shareholders, potentially driving long-term value creation.
• Employees may view the grant as a positive sign of the company's commitment to rewarding performance.

Key Dates

Keywords

Inspired Entertainment, Lorne Weil, Performance Restricted Stock Units, Executive Compensation, Beneficial Ownership, Form 4, INSE