Matthew R. Wilson - Mar 24, 2023 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
President & CEO, Director
Signature
/s/ James Sottile, attorney-in-fact for Matthew R. Wilson
Stock symbol
LNW
Transactions as of
Mar 24, 2023
Transactions value $
$0
Form type
4
Date filed
3/28/2023, 06:27 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 +34.1K $0.00 34.1K Mar 24, 2023 Common Stock 34.1K Direct F1
transaction LNW Restricted Stock Units Award $0 +17K $0.00 17K Mar 24, 2023 Common Stock 17K Direct F2
transaction LNW Restricted Stock Units Award $0 +17K $0.00 17K Mar 24, 2023 Common Stock 17K 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 (11,366 shares), March 20, 2025 (11,366 shares) and March 20, 2026 (11,367 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.