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Light & Wonder, Inc. — Director's Dealing 2025
Mar 8, 2025
30802_dirs_2025-03-07_09866dda-7875-4ac3-ba5f-c0acc30559b6.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: 2025-03-05
Reporting Person: Chow Oliver (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-05 | Common Stock | M | 4344 | — | Acquired | 8039 | Direct |
| 2025-03-05 | Common Stock | F | 1749 | $106.19 | Disposed | 6290 | Direct |
| 2025-03-07 | Common Stock | S | 2595 | $104.94 | Disposed | 3695 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-05 | Restricted Stock Units | $ | A | 4344 | Acquired | Common Stock (4344) | Direct | |
| 2025-03-05 | Restricted Stock Units | $ | M | 4344 | Disposed | Common Stock (4344) | Direct | |
| 2025-03-05 | Restricted Stock Units | $ | A | 5885 | Acquired | Common Stock (5885) | Direct | |
| 2025-03-05 | Restricted Stock Units | $ | A | 2942 | Acquired | Common Stock (2942) | Direct | |
| 2025-03-05 | Restricted Stock Units | $ | A | 2942 | Acquired | Common Stock (2942) | Direct |
Footnotes
F1: Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
F2: The transaction was executed at a price of $104.94.
F3: Represents restricted stock units granted pursuant to a determination by the Compensation Committee of the Board of Directors of the issuer as payment in respect of the annual bonus earned by the reporting person with respect to 2024. The number of units was determined by dividing the dollar value of the bonus earned, based on actual performance for 2024, by the average of the high and low prices of the common stock on the day preceding the grant date. Since the restricted stock units are payment in respect of the 2024 bonus, they are subject to immediate vesting. Each unit converts into a share of common stock on a one-for-one basis.
F4: The restricted stock units are scheduled to vest in three equal installments on March 5, 2026, 2027 and 2028.
F5: The restricted stock units are scheduled to cliff vest on March 5, 2028, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2027, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.
F6: The restricted stock units are scheduled to cliff vest on March 5, 2028, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2027, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.