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

Role
Exec VP, CLO & Corp Sec
Signature
/s/ James Sottile
Issuer symbol
LNW
Transactions as of
28 Sep 2023
Net transactions value
-$228,830
Form type
4
Filing time
02 Oct 2023, 16:11:56 UTC
Previous filing
01 Sep 2023
Next filing
07 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +3,334 +6.4% $0.000000 55,800 28 Sep 2023 Direct
transaction LNW Common Stock Tax liability $113,918 -1,602 -2.9% $71.11 54,198 28 Sep 2023 Direct F1
transaction LNW Common Stock Options Exercise $0 +3,333 +6.1% $0.000000 57,531 01 Oct 2023 Direct
transaction LNW Common Stock Tax liability $114,911 -1,602 -2.8% $71.73 55,929 01 Oct 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 -3,334 -100% $0.000000* 0 28 Sep 2023 Common Stock 3,334 Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -3,333 -33% $0.000000 6,667 01 Oct 2023 Common Stock 3,333 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.