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Light & Wonder, Inc. — Director's Dealing 2025
Mar 22, 2025
30802_dirs_2025-03-21_8a1f4b1e-a046-43e0-8436-37a119a66d71.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: 2025-03-20
Reporting Person: Sottile James (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-20 | Common Stock | M | 3430 | — | Acquired | 80761 | Direct |
| 2025-03-20 | Common Stock | F | 1649 | $102.85 | Disposed | 79112 | Direct |
| 2025-03-20 | Common Stock | M | 3570 | — | Acquired | 82682 | Direct |
| 2025-03-20 | Common Stock | F | 1716 | $102.85 | Disposed | 80966 | Direct |
| 2025-03-20 | Common Stock | M | 2045 | — | Acquired | 83011 | Direct |
| 2025-03-20 | Common Stock | F | 983 | $102.85 | Disposed | 82028 | Direct |
| 2025-03-20 | Common Stock | M | 5145 | — | Acquired | 87173 | Direct |
| 2025-03-20 | Common Stock | F | 2473 | $104.99 | Disposed | 84700 | Direct |
| 2025-03-20 | Common Stock | M | 4697 | — | Acquired | 89397 | Direct |
| 2025-03-20 | Common Stock | F | 2257 | $104.99 | Disposed | 87140 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-20 | Restricted Stock Units | $ | M | 3430 | Disposed | Common Stock (3430) | Direct | |
| 2025-03-20 | Restricted Stock Units | $ | M | 3570 | Disposed | Common Stock (3570) | Direct | |
| 2025-03-20 | Restricted Stock Units | $ | M | 2045 | Disposed | Common Stock (2045) | Direct | |
| 2025-03-20 | Restricted Stock Units | $ | M | 5145 | Disposed | Common Stock (5145) | Direct | |
| 2025-03-20 | Restricted Stock Units | $ | M | 4697 | Disposed | Common Stock (4697) | Direct |
Footnotes
F1: Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
F2: Represents the vesting of one-third of restricted stock units granted on March 25, 2022. The award has fully vested. Each restricted stock unit converted into a share of common stock on a one-for-one basis.
F3: Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The balance of the award is scheduled to vest on March 20, 2026. Each restricted stock unit converts into a share of common stock on a one-for-one basis.
F4: Represents the vesting of one-third of restricted stock units granted on March 20, 2024. The balance of the award is scheduled to vest in two equal installments of 2,046 shares on March 20, 2026 and March 20, 2027. Each restricted stock unit converts into a share of common stock on a one-for-one basis.
F5: Represents the cliff vesting of restricted stock units granted on March 20, 2022, 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 common stock on a one-for-one basis.
F6: Represents the cliff vesting of restricted stock units granted on March 20, 2022, subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 91.3% of the RSUs vested and converted into a share of common stock on a one-for-one basis.