Siobhan Lane - Mar 20, 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
Stock symbol
LNW
Transactions as of
Mar 20, 2023
Transactions value $
-$184,701
Form type
4
Date filed
3/22/2023, 08:55 PM
Previous filing
Oct 20, 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 Exercise of in-the-money or at-the-money derivative security $0 +7.61K +396.77% $0.00 9.52K Mar 20, 2023 Direct
transaction LNW Common Stock Tax liability -$185K -3.23K -33.95% $57.13 6.29K 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 Exercise of in-the-money or at-the-money derivative security $0 -4.38K -50% $0.00 4.38K Mar 20, 2023 Common Stock 4.38K Direct F2
transaction LNW Restricted Stock Units Exercise of in-the-money or at-the-money derivative security $0 -921 -50% $0.00 921 Mar 20, 2023 Common Stock 921 Direct F3
transaction LNW Restricted Stock Units Exercise of in-the-money or at-the-money derivative security $0 -2.31K -33.33% $0.00 4.62K Mar 20, 2023 Common Stock 2.31K 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.