Published on: May 7, 2026, at 12:29h.
Updated on: May 7, 2026, at 12:29h.
- The gaming firm will compensate the former FanDuel CEO with $4.37 million, representing two years of her base salary.
- She will also receive restricted stock units (RSUs).
- Additionally, a year of health insurance will be provided.
Amy Howe, the former CEO of FanDuel, is not departing from the gaming firm owned by Flutter Entertainment (NYSE: FLUT) without a substantial package.
In a Form 8-K submitted to the Securities and Exchange Commission (SEC), Flutter disclosed that it plans to pay Howe a sum of $4.37 million, equivalent to two years of her base salary “plus annual bonus opportunity” spread across a 52-week timeframe. Howe’s exit was announced recently, and her severance package includes restricted stock units (RSUs).
According to the regulatory document, “This pertains to the time-based RSUs under the Flutter 2024 Omnibus Incentive Plan, with full vesting of tranche 1 of the 2025 RSUs and tranche 1 of the 2026 RSUs, along with a time pro-rated vesting of the remaining RSUs; (iii) full vesting of RSUs granted under the Flutter 2016 Restricted Share Plan; (iv) a time pro-rated vesting of her performance stock units subject to the achievement of certain performance conditions.”
Howe will also receive any outstanding benefits, and Flutter is set to cover her health insurance costs for a period of one year. She will be succeeded by FanDuel’s president, Christian Genetski, though it remains unclear if this will be on an interim or permanent basis.
The Separation Agreement encompasses standard clauses, including non-disparagement, cooperation in specific matters, return of company property, confidentiality obligations, and a one-year non-solicitation of employees clause,” according to the 8-K.
Howe’s Severance at Flutter Appears Standard
Howe’s severance package aligns with typical practices in Corporate America, indicating that Flutter is neither being overly generous nor stingy to the point of inviting scrutiny from shareholders.
In general, it’s common for executives at the C-level to receive six to twelve months of base salary in severance agreements, with the duration for CEOs typically extending to 24 months, as per Sequoia, a firm that specializes in corporate compensation and benefits.
Although Flutter may seem generous in providing Howe with equity, this might have been a part of her initial employment contract.
“While this is not common, when such offers occur, they are usually based on either a prorated or target bonus amount. Companies prioritizing cash conservation often exclude bonuses from severance,” notes Sequoia.
Review of London Listing
In a separate matter, Flutter is evaluating its listing on the London Stock Exchange, a review announced by CEO Peter Jackson during the company’s first-quarter earnings conference call. This suggests that Flutter may be considering withdrawing its London listing.
“I would like to highlight our intention to assess our London Stock Exchange listing as we explore the possibility of streamlining our dual listing. We anticipate completing this review in Q2 and will provide updates accordingly,” stated Jackson.
It’s been nearly two years since the gaming company transitioned its primary listing from London to New York.