Oliver Chow - Mar 20, 2024 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
EVP, CFO & Treas
Signature
/s/ James Sottile, attorney-in-fact for Oliver Chow
Stock symbol
LNW
Transactions as of
Mar 20, 2024
Transactions value $
-$27,944
Form type
4
Date filed
3/22/2024, 09:00 PM
Previous filing
Mar 7, 2024
Next filing
Aug 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Exercise of in-the-money or at-the-money derivative security $0 +710 +46.8% $0.00 2.23K Mar 20, 2024 Direct
transaction LNW Common Stock Tax liability -$27.9K -280 -12.57% $99.80 1.95K Mar 20, 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 Exercise of in-the-money or at-the-money derivative security $0 -710 -33.32% $0.00 1.42K Mar 20, 2024 Common Stock 710 Direct F2
transaction LNW Restricted Stock Units Award $0 +5.48K $0.00 5.48K Mar 20, 2024 Common Stock 5.48K Direct F3
transaction LNW Restricted Stock Units Award $0 +2.74K $0.00 2.74K Mar 20, 2024 Common Stock 2.74K Direct F4
transaction LNW Restricted Stock Units Award $0 +2.74K $0.00 2.74K Mar 20, 2024 Common Stock 2.74K Direct F5
* 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-third of restricted stock units granted on March 24, 2023. The balance of the award is scheduled to vest in substantially equal installments on March 20, 2025 (710) and March 20, 2026 (711). Each restricted stock unit converts into a share of class A common stock on a one-for-one basis.
F3 The restricted stock units are scheduled to vest on March 20, 2025 (1,826 shares), March 20, 2026 (1,826 shares) and March 20, 2027 (1,827 shares). Each unit converts into a share of common stock on a one-for-one basis.
F4 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.
F5 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.