Flutter Entertainment Discloses CEO Dan Taylor's Compensation Package in Form 8-K/A

Executive Summary

On October 1, 2026, Flutter Entertainment plc (NYSE: FLUT) filed Amendment No. 1 to its Form 8-K originally dated August 1, 2026 (filed August 5, 2026). The amendment provides disclosure regarding the compensatory arrangements for Dan Taylor, who assumed the roles of Chief Executive Officer and Board Member effective October 1, 2026.

Compensation Structure Overview

Under the agreements entered into on October 1, 2026 with subsidiaries Flutter Services UK Limited and Flutter Entertainment UK Limited:

1. Fixed Cash Compensation:

   • Base Salary: $1,140,000 per year
   • Directorship Fee: $110,000 per year
   • Total Salary Base: $1,250,000 per year
   • Pension Contribution: 5% of Total Salary paid by the Company (or equivalent in cash)

2. Short-Term Incentive (2027 Annual Bonus):

   • Discretionary target opportunity: 200% of Total Salary ($2.5 million)
   • Maximum payout cap: 400% of Total Salary ($5.0 million)

3. Long-Term Incentive Awards (2027 Cycle):

   • Restricted Stock Units (RSUs): Grant date fair value of 290% of Total Salary (~$3.625 million), vesting in three equal tranches on September 1, 2028, September 1, 2029, and September 1, 2030, subject to continued service.
   • Performance Stock Units (PSUs): Grant date fair value of 870% of Total Salary (~$10.875 million), vesting on September 1, 2030, based on performance metrics set by the Compensation & Human Resources Committee (capped at 1,740% of Total Salary or ~$21.75 million maximum).

4. One-Time Promotional Equity Grants:

   • RSUs: $2,083,131, vesting in three equal installments across September 1, 2027, 2028, and 2029.
   • PSUs: $6,249,394, vesting on September 1, 2029, tied to 2026 PSU cycle performance targets.
   • Combined one-time grant value: $8,332,525.

5. Governance & Termination Terms:

   • Stock Ownership Requirement: 600% of Total Salary ($7.5 million).
   • Taxes: Taylor bears personal worldwide taxes without tax equalization, with Flutter covering reasonable tax return support for US, UK, and Irish tax obligations.
   • Notice Period: 12 months' written notice by Mr. Taylor; 3 months' written notice (or pay in lieu) by the Company.