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Light & Wonder, Inc. — Director's Dealing 2024
Mar 23, 2024
30802_dirs_2024-03-22_70f838da-0d75-48e1-b9c2-e36a614b50ac.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Light & Wonder, Inc. (LNW)
CIK: 0000750004
Period of Report: 2024-03-20
Reporting Person: Wilson Matthew R. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-20 | Common Stock | M | 27759 | — | Acquired | 153699 | Direct |
| 2024-03-20 | Common Stock | F | 10925 | $99.8 | Disposed | 142774 | Direct |
| 2024-03-20 | Common Stock | M | 13869 | — | Acquired | 156643 | Direct |
| 2024-03-20 | Common Stock | F | 5458 | $101.9 | Disposed | 151185 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-20 | Restricted Stock Units | $ | M | 9797 | Disposed | Common Stock (9797) | Direct | |
| 2024-03-20 | Restricted Stock Units | $ | M | 2396 | Disposed | Common Stock (2396) | Direct | |
| 2024-03-20 | Restricted Stock Units | $ | M | 7186 | Disposed | Common Stock (7186) | Direct | |
| 2024-03-20 | Restricted Stock Units | $ | M | 6683 | Disposed | Common Stock (6683) | Direct | |
| 2024-03-20 | Restricted Stock Units | $ | M | 4200 | Disposed | Common Stock (4200) | Direct | |
| 2024-03-20 | Restricted Stock Units | $ | M | 11366 | Disposed | Common Stock (11366) | Direct | |
| 2024-03-20 | Restricted Stock Units | $ | A | 19540 | Acquired | Common Stock (19540) | Direct | |
| 2024-03-20 | Restricted Stock Units | $ | A | 9770 | Acquired | Common Stock (9770) | Direct | |
| 2024-03-20 | Restricted Stock Units | $ | A | 9770 | Acquired | Common Stock (9770) | Direct |
Footnotes
F1: Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
F2: Represents the vesting of one-fourth of restricted stock units granted on April 3, 2020. The award has fully vested. Each restricted stock unit converted into a share of class A common stock on a one-for-one basis.
F3: Represents the vesting of one-third of restricted stock units granted on March 22, 2021. The award has fully vested. Each restricted stock unit converted into a share of class A common stock on a one-for-one basis.
F4: Represents the cliff vesting of restricted stock units granted on March 22, 2021 subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 100% of the RSUs vested and converted into a share of class A common stock on a one-for-one basis.
F5: Represents the cliff vesting of restricted stock units granted on March 22, 2021 subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 93% of the RSUs vested and converted into a share of class A common stock on a one-for-one basis.
F6: Represents the vesting of one-third of restricted stock units granted on March 25, 2022. The balance of the award is scheduled to vest on March 20, 2025. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.
F7: Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The balance of the award is scheduled to vest in two substantially installments on March 20, 2025 (11,366) and March 20, 2026 (11,367). Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.
F8: The restricted stock units are scheduled to vest on March 20, 2025 (6,513 shares), March 20, 2026 (6,513 shares) and March 20, 2027 (6,514 shares). Each unit converts into a share of common stock on a one-for-one basis.
F9: The restricted stock units are scheduled to cliff vest on March 20, 2027, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2026, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.
F10: The restricted stock units are scheduled to cliff vest on March 20, 2027, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2026, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.