Matthew R. Wilson - Mar 5, 2025 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Signature
/s/ James Sottile, attorney-in-fact for Matthew Wilson
Stock symbol
LNW
Transactions as of
Mar 5, 2025
Transactions value $
-$2,549,367
Form type
4
Date filed
3/7/2025, 08:36 PM
Previous filing
Mar 22, 2024
Next filing
Mar 21, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +15.3K +10.15% $0.00 167K Mar 5, 2025 Direct
transaction LNW Common Stock Tax liability -$641K -6.04K -3.63% $106.19 160K Mar 5, 2025 Direct F1
transaction LNW Common Stock Sale -$717K -6.9K -4.3% $103.97 154K Mar 7, 2025 Direct F2
transaction LNW Common Stock Sale -$1.19M -11.3K -7.39% $104.99 142K Mar 7, 2025 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LNW Restricted Stock Units Award $0 +15.3K $0.00 15.3K Mar 5, 2025 Common Stock 15.3K Direct F4
transaction LNW Restricted Stock Units Options Exercise $0 -15.3K -100% $0.00 0 Mar 5, 2025 Common Stock 15.3K Direct F4
transaction LNW Restricted Stock Units Award $0 +18.8K $0.00 18.8K Mar 5, 2025 Common Stock 18.8K Direct F5
transaction LNW Restricted Stock Units Award $0 +9.41K $0.00 9.41K Mar 5, 2025 Common Stock 9.41K Direct F6
transaction LNW Restricted Stock Units Award $0 +9.41K $0.00 9.41K Mar 5, 2025 Common Stock 9.41K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
F2 The transaction was executed in multiple trades at prices ranging from $103.50 to $104.46. The price reported above reflects the weighted average purchase price. Details regarding aggregated purchase transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.
F3 The transaction was executed in multiple trades at prices ranging from $104.50 to $105.44. The price reported above reflects the weighted average purchase price. Details regarding aggregated purchase transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.
F4 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.
F5 The restricted stock units are scheduled to vest in three equal installments on March 5, 2026, 2027 and 2028.
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.
F7 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.