01—Abstract
Summary
Summary of the 8-K/A filed October 1, 2026. Cited figures are marked; the original filing is the authoritative source.
Flutter Entertainment plc filed Amendment No. 1 to its Form 8-K to disclose the compensation arrangements for Dan Taylor, who was appointed as the Company's next Chief Executive Officer and a member of the Board of Directors, effective October 1, 2026.
The original Form 8-K, filed August 5, 2026, reported the appointment but did not include compensation terms, which had not been determined at that time. This amendment makes no other changes to the original filing. On October 1, 2026, Flutter Services UK Limited and Flutter Entertainment UK Limited entered into a new Service Agreement, Offer Letter and director appointment letter with Mr. Taylor.
His Total Salary consists of a base salary of $1,140,000a per year plus a $110,000 directorship fee. For 2027, he is eligible for a discretionary annual incentive with a target of 200% of Total Salary (maximum 400%), RSUs with a grant date fair value of 290% of Total Salary, and PSUs with a grant date fair value of 870% of Total Salary (potential maximum vesting at 1,740% of Total Salary). He also receives a one-time promotional equity award of RSUs valued at $2,083,131 and PSUs valued at $6,249,394.
He must meet a shareholding requirement of 600%b of Total Salary and receives Company-funded pension contributions (or cash equivalent) of 5% of Total Salary. The agreement sets a 12-month notice period for Mr. Taylor to resign and a 3-month notice period (or payment in lieu) for the Company to terminate his employment.
Mr. Taylor bears his own worldwide taxes, though the Company will pay for reasonable personal tax return support and advice on his US, UK and Irish tax returns. The full agreement will be filed as an exhibit to the Company's Form 10-Q for the quarter ending September 30, 2026.
02—Key points
Key Highlights
- Dan Taylor appointed Chief Executive Officer and Board member effective October 1, 2026; this amendment discloses his previously undetermined compensation.
- Base salary of $1,140,000 per year plus a $110,000 directorship fee, together forming his Total Salary.
- 2027 annual incentive target of 200% of Total Salary (maximum 400%).
- 2027 long-term equity grants: RSUs at 290% and PSUs at 870% of Total Salary (PSU potential maximum of 1,740%).
- One-time promotional equity awards of $2,083,131 in RSUs and $6,249,394 in PSUs, with vesting tied to continued employment and, for PSUs, the 2026 PSU cycle performance targets.
- Shareholding requirement of 600% of Total Salary and pension contributions of 5% of Total Salary.
- Notice periods of 12 months for Mr. Taylor to resign and 3 months for the Company to terminate.
03—Questions
Frequently Asked Questions
Who is Dan Taylor and when does he take over as CEO?
Dan Taylor was appointed as Flutter's next Chief Executive Officer and a member of the Board of Directors, effective October 1, 2026, as previously reported in the Original Form 8-K filed August 5, 2026.
What is Mr. Taylor's base compensation?
He will receive a base salary of $1,140,000 per year and a $110,000 directorship fee, which together make up his Total Salary.
What equity awards will Mr. Taylor receive?
For 2027 he will receive RSUs with a grant date fair value of 290% of Total Salary, vesting in three equal installments from September 2028 to September 2030, and PSUs with a grant date fair value of 870% of Total Salary, vesting September 1, 2030 subject to performance targets. He also receives a one-time promotional award of RSUs valued at $2,083,131 and PSUs valued at $6,249,394.
What are the termination terms of his employment agreement?
Mr. Taylor may terminate his employment with 12 months' written notice, while the Company may terminate with 3 months' written notice or payment in lieu of notice.
Where can investors find the full terms of the agreement?
The Service Agreement, Offer Letter and director appointment letter will be filed as an exhibit to Flutter's Quarterly Report on Form 10-Q for the quarter ending September 30, 2026.
04—Continue