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

Role
Exec VP & Chief Legal Officer
Signature
/s/ James Sottile
Issuer symbol
LNW
Transactions as of
24 Mar 2023
Net transactions value
$0
Form type
4
Filing time
28 Mar 2023, 18:24:16 UTC
Previous filing
22 Mar 2023
Next filing
01 Sep 2023
SEC
View on sec.gov

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 +10,710 $0.000000 10,710 24 Mar 2023 Common Stock 10,710 Direct F1
transaction LNW Restricted Stock Units Award $0 +5,355 $0.000000 5,355 24 Mar 2023 Common Stock 5,355 Direct F2
transaction LNW Restricted Stock Units Award $0 +5,355 $0.000000 5,355 24 Mar 2023 Common Stock 5,355 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.