Constance P. James - 20 Mar 2023 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
EVP, CFO, Treas & Corp Sec
Signature
/s/ James Sottile, attorney-in-fact for Constance P. James
Issuer symbol
LNW
Transactions as of
20 Mar 2023
Net transactions value
-$193,214
Form type
4
Filing time
22 Mar 2023, 20:58:30 UTC
Previous filing
06 Dec 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 Options Exercise $0 +8,591 +38% $0.000000 31,473 20 Mar 2023 Direct
transaction LNW Common Stock Tax liability $193,214 -3,382 -11% $57.13 28,091 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 Options Exercise $0 -3,450 -50% $0.000000 3,450 20 Mar 2023 Common Stock 3,450 Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -941 -50% $0.000000 941 20 Mar 2023 Common Stock 941 Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -4,200 -33% $0.000000 8,400 20 Mar 2023 Common Stock 4,200 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.