Vanja Kalabic - Mar 5, 2025 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
SVP & Chief Accounting Officer
Signature
/s/ James Sottile, attorney-in-fact for Vanja Kalabic
Stock symbol
LNW
Transactions as of
Mar 5, 2025
Transactions value $
-$199,321
Form type
4
Date filed
3/7/2025, 08:37 PM
Previous filing
Dec 11, 2024
Next filing
Mar 21, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +1.9K +37.8% $0.00 6.91K Mar 5, 2025 Direct
transaction LNW Common Stock Tax liability -$81.1K -764 -11.05% $106.19 6.15K Mar 5, 2025 Direct F1
transaction LNW Common Stock Sale -$118K -1.13K -18.41% $104.41 5.02K Mar 6, 2025 Direct F2

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 +1.9K $0.00 1.9K Mar 5, 2025 Common Stock 1.9K Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -1.9K -100% $0.00 0 Mar 5, 2025 Common Stock 1.9K Direct F3
transaction LNW Restricted Stock Units Award $0 +1.94K $0.00 1.94K Mar 5, 2025 Common Stock 1.94K Direct F4
transaction LNW Restricted Stock Units Award $0 +969 $0.00 969 Mar 5, 2025 Common Stock 969 Direct F5
transaction LNW Restricted Stock Units Award $0 +969 $0.00 969 Mar 5, 2025 Common Stock 969 Direct F6
* 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 at a price of $104.41.
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.