James Sottile - Mar 24, 2023 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
Exec VP & Chief Legal Officer
Signature
/s/ James Sottile
Stock symbol
LNW
Transactions as of
Mar 24, 2023
Transactions value $
$0
Form type
4
Date filed
3/28/2023, 06:24 PM
Previous filing
Mar 22, 2023
Next filing
Sep 1, 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 +10.7K $0.00 10.7K Mar 24, 2023 Common Stock 10.7K Direct F1
transaction LNW Restricted Stock Units Award $0 +5.36K $0.00 5.36K Mar 24, 2023 Common Stock 5.36K Direct F2
transaction LNW Restricted Stock Units Award $0 +5.36K $0.00 5.36K Mar 24, 2023 Common Stock 5.36K 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 in equal installments on each of March 20, 2024, 2025 and 2026. 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.