Matthew R. Wilson - Mar 6, 2024 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
President & CEO
Signature
/s/ James Sottile, attorney-in-fact for Matthew Wilson
Stock symbol
LNW
Transactions as of
Mar 6, 2024
Transactions value $
-$1,499,133
Form type
4
Date filed
3/7/2024, 09:01 PM
Previous filing
Aug 2, 2023
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +14.9K +11.84% $0.00 141K Mar 6, 2024 Direct
transaction LNW Common Stock Tax liability -$584K -5.87K -4.17% $99.47 135K Mar 6, 2024 Direct F1
transaction LNW Common Stock Sale -$915K -9.04K -6.7% $101.21 126K Mar 7, 2024 Direct F2

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 +14.9K $0.00 14.9K Mar 6, 2024 Common Stock 14.9K Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -14.9K -100% $0.00* 0 Mar 6, 2024 Common Stock 14.9K 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 The transaction was executed in multiple trades at prices ranging from $101.04 to $101.32. The price reported above reflects the weighted average purchase price. Details regarding aggregated purchase transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer.
F3 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.