James Sottile - Sep 28, 2023 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
Exec VP, CLO & Corp Sec
Signature
/s/ James Sottile
Stock symbol
LNW
Transactions as of
Sep 28, 2023
Transactions value $
-$228,830
Form type
4
Date filed
10/2/2023, 04:11 PM
Previous filing
Sep 1, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +3.33K +6.35% $0.00 55.8K Sep 28, 2023 Direct
transaction LNW Common Stock Tax liability -$114K -1.6K -2.87% $71.11 54.2K Sep 28, 2023 Direct F1
transaction LNW Common Stock Options Exercise $0 +3.33K +6.15% $0.00 57.5K Oct 1, 2023 Direct
transaction LNW Common Stock Tax liability -$115K -1.6K -2.78% $71.73 55.9K Oct 1, 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 -3.33K -100% $0.00* 0 Sep 28, 2023 Common Stock 3.33K Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -3.33K -33.33% $0.00 6.67K Oct 1, 2023 Common Stock 3.33K Direct F3
* 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-third restricted stock units granted on September 28, 2020. The award has fully vested. Each unit converted into a share of common stock on a one-for-one basis.
F3 Represents vesting of one-third restricted stock units granted on October 5, 2022. The balance of the award is scheduled to vest in two installments of 3,333 shares on October 1, 2024 and 3,334 shares on October 1, 2025. Each unit converts into a share of common stock on a one-for-one basis.