James Sottile - Mar 6, 2024 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: Mar 6, 2024
Transactions value $: -$447,631
Form type: 4
Date filed: 3/7/2024, 09:06 PM
Previous filing: Oct 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	+6.02K	+10.77%	$0.00	62K	Mar 6, 2024	Direct
transaction	LNW	Common Stock	Tax liability	-$291K	-2.93K	-4.72%	$99.47	59K	Mar 6, 2024	Direct	F1
transaction	LNW	Common Stock	Sale	-$157K	-1.55K	-2.62%	$101.15	57.5K	Mar 7, 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	+6.02K		$0.00	6.02K	Mar 6, 2024	Common Stock	6.02K		Direct	F2
transaction	LNW	Restricted Stock Units	Options Exercise	$0	-6.02K	-100%	$0.00^*	0	Mar 6, 2024	Common Stock	6.02K		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.