James Sottile - Aug 31, 2022 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
Exec VP & Chief Legal Officer
Signature
/s/ James Sottile
Stock symbol
LNW
Transactions as of
Aug 31, 2022
Transactions value $
-$82,635
Form type
4
Date filed
9/2/2022, 04:04 PM
Previous filing
Mar 29, 2022
Next filing
Sep 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +3.33K +8.69% $0.00 41.7K Aug 31, 2022 Direct
transaction LNW Common Stock Tax liability -$82.6K -1.6K -3.84% $51.55 40.1K Aug 31, 2022 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 -3.33K -33.33% $0.00 6.67K Aug 31, 2022 Common Stock 3.33K Direct F2
* 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 vesting of restricted stock units granted on September 2, 2021. The balance of the award is scheduled to vest in two installments of 3,333 on August 31, 2023 and 3,334 on August 31, 2024. Each unit converts into a share of common stock on a one-for-one basis.