Matthew R. Wilson - Mar 20, 2023 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, 2023
Transactions value $
-$368,603
Form type
4
Date filed
3/22/2023, 08:49 PM
Previous filing
Aug 2, 2022
Next filing
Mar 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +16.4K +16.51% $0.00 116K Mar 20, 2023 Direct
transaction LNW Common Stock Tax liability -$369K -6.45K $57.13 $109K Mar 20, 2023 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 +9.8K $0.00 9.8K Mar 20, 2023 Common Stock 9.8K Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 +2.4K +239500% $0.00 2.4K Mar 20, 2023 Common Stock 2.4K Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 +4.2K +100% $0.00 8.4K Mar 20, 2023 Common Stock 4.2K Direct F4
* 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 one-fourth of restricted stock units granted on April 3, 2020. The balance of the award is scheduled to vest on March 20, 2024. Each unit converts into a share of common stock on a one-for-one basis.
F3 Represents vesting of one-third of restricted stock units granted on March 22, 2021. The balance of the award is scheduled to vest on March 20, 2024. Each unit converts into a share of common stock on a one-for-one basis.
F4 Represents vesting of one-third of restricted stock units granted on March 25, 2022. The balance of the award is scheduled to vest in two equal installments on March 20, 2024 and March 20, 2025. Each unit converts into a share of common stock on a one-for-one basis.