Siobhan Lane - 20 Mar 2023 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
EVP & Grp Chief Exec of Gaming
Signature
/s/ James Sottile, attorney-in-fact for Siobhan Lane
Issuer symbol
LNW
Transactions as of
20 Mar 2023
Net transactions value
-$184,701
Form type
4
Filing time
22 Mar 2023, 20:55:54 UTC
Previous filing
20 Oct 2022
Next filing
28 Mar 2023
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 +7,606 +397% $0.000000 9,523 20 Mar 2023 Direct
transaction LNW Common Stock Tax liability $184,701 -3,233 -34% $57.13 6,290 20 Mar 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 Exercise of in-the-money or at-the-money derivative security $0 -4,375 -50% $0.000000 4,375 20 Mar 2023 Common Stock 4,375 Direct F2
transaction LNW Restricted Stock Units Exercise of in-the-money or at-the-money derivative security $0 -921 -50% $0.000000 921 20 Mar 2023 Common Stock 921 Direct F3
transaction LNW Restricted Stock Units Exercise of in-the-money or at-the-money derivative security $0 -2,310 -33% $0.000000 4,620 20 Mar 2023 Common Stock 2,310 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-half of restricted stock units granted on April 3, 2020. The balance of the award is scheduled to vest on March 20, 2024. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.
F3 Represents vesting of one-half of restricted stock units granted on March 22. 2021. The balance of the award is scheduled to vest on March 20, 2024. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.
F4 Represents vesting of one-third of restricted stock units granted on March 20, 2022. The balance of the award is scheduled to vest in two equal installments of 2,310 shares on March 20, 2024 and March 20, 2024. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.