Siobhan Lane - Mar 20, 2025 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
SVP & CEO - Gaming
Signature
/s/ James Sottile, attorney-in-fact for Siobhan Lane
Stock symbol
LNW
Transactions as of
Mar 20, 2025
Transactions value $
-$697,283
Form type
4
Date filed
3/21/2025, 09:11 PM
Previous filing
Mar 7, 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 Exercise of in-the-money or at-the-money derivative security $0 +2.31K +10.87% $0.00 23.6K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$101K -982 -4.17% $102.85 22.6K Mar 20, 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +4.37K +19.36% $0.00 27K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$191K -1.86K -6.89% $102.85 25.1K Mar 20, 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +2.5K +9.98% $0.00 27.6K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$109K -1.06K -3.86% $102.85 26.5K Mar 20, 2025 Direct F1
transaction LNW Common Stock Exercise of in-the-money or at-the-money derivative security $0 +3.47K +13.06% $0.00 30K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$155K -1.47K -4.91% $104.99 28.5K Mar 20, 2025 Direct F1
transaction LNW Common Stock Exercise of in-the-money or at-the-money derivative security $0 +3.16K +11.09% $0.00 31.7K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$141K -1.34K -4.24% $104.99 30.3K Mar 20, 2025 Direct F1

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 Exercise of in-the-money or at-the-money derivative security $0 -2.31K -100% $0.00 0 Mar 20, 2025 Common Stock 2.31K Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -4.37K -50% $0.00 4.37K Mar 20, 2025 Common Stock 4.37K Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -2.5K -33.32% $0.00 5.01K Mar 20, 2025 Common Stock 2.5K Direct F4
transaction LNW Restricted Stock Units Exercise of in-the-money or at-the-money derivative security $0 -3.47K -100% $0.00 0 Mar 20, 2025 Common Stock 3.47K Direct F5
transaction LNW Restricted Stock Units Exercise of in-the-money or at-the-money derivative security $0 -3.16K -100% $0.00 0 Mar 20, 2025 Common Stock 3.16K 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 Represents the vesting of one-third of restricted stock units granted on March 20, 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 2,505 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.