Matthew R. Wilson - Mar 20, 2025 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
President & CEO
Signature
/s/ James Sottile, attorney-in-fact for Matthew R. Wilson
Stock symbol
LNW
Transactions as of
Mar 20, 2025
Transactions value $
-$1,391,736
Form type
4
Date filed
3/21/2025, 09:14 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 Options Exercise $0 +4.2K +2.95% $0.00 146K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$170K -1.65K -1.13% $102.85 145K Mar 20, 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +11.4K +7.85% $0.00 156K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$460K -4.47K -2.86% $102.85 152K Mar 20, 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +6.51K +4.29% $0.00 158K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$264K -2.56K -1.62% $102.85 156K Mar 20, 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +6.3K +4.05% $0.00 162K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$260K -2.48K -1.53% $104.99 159K Mar 20, 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +5.75K +3.61% $0.00 165K Mar 20, 2025 Direct
transaction LNW Common Stock Tax liability -$238K -2.26K -1.37% $104.99 163K 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 Options Exercise $0 -4.2K -100% $0.00 0 Mar 20, 2025 Common Stock 4.2K Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -11.4K -50% $0.00 11.4K Mar 20, 2025 Common Stock 11.4K Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -6.51K -33.33% $0.00 13K Mar 20, 2025 Common Stock 6.51K Direct F4
transaction LNW Restricted Stock Units Options Exercise $0 -6.3K -100% $0.00 0 Mar 20, 2025 Common Stock 6.3K Direct F5
transaction LNW Restricted Stock Units Options Exercise $0 -5.75K -100% $0.00 0 Mar 20, 2025 Common Stock 5.75K 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 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 substantially equal installments on March 20, 2026 (6,513 shares) and March 20, 2027 (6,514 shares). 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.