Oliver Chow - 06 Mar 2024 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role: EVP, CFO & Treas
Signature: /s/ James Sottile, attorney-in-fact for Oliver Chow
Issuer symbol: LNW
Transactions as of: 06 Mar 2024
Net transactions value: -$217,045
Form type: 4
Filing time: 07 Mar 2024, 21:00:19 UTC
Previous filing: 15 Nov 2023
Next filing: 22 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	+2,160	+142%	$0.000000	3,677	06 Mar 2024	Direct
transaction	LNW	Common Stock	Tax liability	$88,230	-887	-24%	$99.47	2,790	06 Mar 2024	Direct	F1
transaction	LNW	Common Stock	Sale	$128,815	-1,273	-46%	$101.19	1,517	07 Mar 2024	Direct

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	+2,160		$0.000000	2,160	06 Mar 2024	Common Stock	2,160		Direct	F2
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-2,160	-100%	$0.000000^*	0	06 Mar 2024	Common Stock	2,160		Direct	F2

* 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 restricted stock units granted pursuant to a determination by the Compensation Committee of the Board of Directors of the issuer as payment in respect of the annual bonus earned by the reporting person with respect to 2023. The number of units was determined by dividing the dollar value of the bonus earned, based on actual performance for 2023, by the average of the high and low prices of the common stock on the day preceding the grant date. Since the restricted stock units are payment in respect of the 2023 bonus, they are subject to immediate vesting. Each unit converts into a share of common stock on a one-for-one basis.

Content

Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.

Represents restricted stock units granted pursuant to a determination by the Compensation Committee of the Board of Directors of the issuer as payment in respect of the annual bonus earned by the reporting person with respect to 2023. The number of units was determined by dividing the dollar value of the bonus earned, based on actual performance for 2023, by the average of the high and low prices of the common stock on the day preceding the grant date. Since the restricted stock units are payment in respect of the 2023 bonus, they are subject to immediate vesting. Each unit converts into a share of common stock on a one-for-one basis.