Light & Wonder, Inc. — Director's Dealing 2024

Mar 23, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Light & Wonder, Inc. (LNW)
CIK: 0000750004
Period of Report: 2024-03-20

Reporting Person: Lane Siobhan (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-20	Common Stock	X	7606	—	Acquired	18908	Direct
2024-03-20	Common Stock	F	3233	$99.8	Disposed	15675	Direct
2024-03-20	Common Stock	M	4371	—	Acquired	20046	Direct
2024-03-20	Common Stock	F	1858	$99.8	Disposed	18188	Direct
2024-03-20	Common Stock	X	5332	—	Acquired	23520	Direct
2024-03-20	Common Stock	F	2266	$101.9	Disposed	21254	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-20	Restricted Stock Units	$	X	4375	Disposed		Common Stock (4375)	Direct
2024-03-20	Restricted Stock Units	$	X	921	Disposed		Common Stock (921)	Direct
2024-03-20	Restricted Stock Units	$	X	2763	Disposed		Common Stock (2763)	Direct
2024-03-20	Restricted Stock Units	$	X	2569	Disposed		Common Stock (2569)	Direct
2024-03-20	Restricted Stock Units	$	X	2310	Disposed		Common Stock (2310)	Direct
2024-03-20	Restricted Stock Units	$	M	4371	Disposed		Common Stock (4371)	Direct
2024-03-20	Restricted Stock Units	$	A	7514	Acquired		Common Stock (7514)	Direct
2024-03-20	Restricted Stock Units	$	A	3758	Acquired		Common Stock (3758)	Direct
2024-03-20	Restricted Stock Units	$	A	3758	Acquired		Common Stock (3758)	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 20, 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 equal installments of 4,372 shares on March 20, 2025 and March 20, 2026. 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 (2,504 shares), March 20, 2026 (2,505 shares) and March 20, 2027 (2,505 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.