James Sottile - 20 Mar 2024 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
20 Mar 2024
Net transactions value
-$1,526,529
Form type
4
Filing time
22 Mar 2024, 20:46:42 UTC
Previous filing
07 Mar 2024
Next filing
04 Sep 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 +18,611 +32% $0.000000 76,089 20 Mar 2024 Direct
transaction LNW Common Stock Tax liability $892,711 -8,945 -12% $99.80 67,144 20 Mar 2024 Direct F1
transaction LNW Common Stock Options Exercise $0 +12,944 +19% $0.000000 80,088 20 Mar 2024 Direct
transaction LNW Common Stock Tax liability $633,818 -6,220 -7.8% $101.90 73,868 20 Mar 2024 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 -9,375 -100% $0.000000* 0 20 Mar 2024 Common Stock 9,375 Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -2,236 -100% $0.000000* 0 20 Mar 2024 Common Stock 2,236 Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -6,707 -100% $0.000000* 0 20 Mar 2024 Common Stock 6,707 Direct F4
transaction LNW Restricted Stock Units Options Exercise $0 -6,237 -100% $0.000000* 0 20 Mar 2024 Common Stock 6,237 Direct F5
transaction LNW Restricted Stock Units Options Exercise $0 -3,430 -50% $0.000000 3,430 20 Mar 2024 Common Stock 3,430 Direct F6
transaction LNW Restricted Stock Units Options Exercise $0 -3,570 -33% $0.000000 7,140 20 Mar 2024 Common Stock 3,570 Direct F7
transaction LNW Restricted Stock Units Award $0 +6,137 $0.000000 6,137 20 Mar 2024 Common Stock 6,137 Direct F8
transaction LNW Restricted Stock Units Award $0 +3,069 $0.000000 3,069 20 Mar 2024 Common Stock 3,069 Direct F9
transaction LNW Restricted Stock Units Award $0 +3,069 $0.000000 3,069 20 Mar 2024 Common Stock 3,069 Direct F10
* 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 the vesting of one-fourth of restricted stock units granted on April 3, 2020. The award has fully vested. Each restricted stock unit converted into a share of class A common stock on a one-for-one basis.
F3 Represents the vesting of one-third of restricted stock units granted on March 22, 2021. The award has fully vested. Each restricted stock unit converted into a share of class A common stock on a one-for-one basis.
F4 Represents the cliff vesting of restricted stock units granted on March 22, 2021 subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 100% of the RSUs vested and converted into a share of class A common stock on a one-for-one basis.
F5 Represents the cliff vesting of restricted stock units granted on June 25, 2021 subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 93% of the RSUs vested and converted into a share of class A common stock on a one-for-one basis.
F6 Represents the vesting of one-third of restricted stock units granted on March 25, 2022. The balance of the award is scheduled to vest on March 20, 2025. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.
F7 Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The balance of the award is scheduled to vest in two equal installments of 3,570 shares on March 20, 2025 and March 20, 2026. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.
F8 The restricted stock units are scheduled to vest on March 20, 2025 (2,045 shares), March 20, 2026 (2,046 shares) and March 20, 2027 (2,046 shares). Each unit converts into a share of common stock on a one-for-one basis.
F9 The restricted stock units are scheduled to cliff vest on March 20, 2027, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2026, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.
F10 The restricted stock units are scheduled to cliff vest on March 20, 2027, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2026, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.