Siobhan Lane - Mar 24, 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 24, 2023
Transactions value $
$0
Form type
4
Date filed
3/28/2023, 06:23 PM
Previous filing
Mar 22, 2023
Next filing
Aug 2, 2023

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 Award $0 +13.1K $0.00 13.1K Mar 24, 2023 Common Stock 13.1K Direct F1
transaction LNW Restricted Stock Units Award $0 +6.56K $0.00 6.56K Mar 24, 2023 Common Stock 6.56K Direct F2
transaction LNW Restricted Stock Units Award $0 +6.56K $0.00 6.56K Mar 24, 2023 Common Stock 6.56K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units are scheduled to vest on March 20, 2024 (4,371 shares), March 20, 2025 (4,372 shares) and March 20, 2026 (4,372 shares). Each unit converts into a share of common stock on a one-for-one basis.
F2 The restricted stock units are scheduled to cliff vest on March 20, 2026, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2025, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.
F3 The restricted stock units are scheduled to cliff vest on March 20, 2026, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2025, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.