Oliver Chow - 20 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
20 Mar 2024
Net transactions value
-$27,944
Form type
4
Filing time
22 Mar 2024, 21:00:57 UTC
Previous filing
07 Mar 2024
Next filing
27 Aug 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 Exercise of in-the-money or at-the-money derivative security $0 +710 +47% $0.000000 2,227 20 Mar 2024 Direct
transaction LNW Common Stock Tax liability $27,944 -280 -13% $99.80 1,947 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 Exercise of in-the-money or at-the-money derivative security $0 -710 -33% $0.000000 1,421 20 Mar 2024 Common Stock 710 Direct F2
transaction LNW Restricted Stock Units Award $0 +5,479 $0.000000 5,479 20 Mar 2024 Common Stock 5,479 Direct F3
transaction LNW Restricted Stock Units Award $0 +2,740 $0.000000 2,740 20 Mar 2024 Common Stock 2,740 Direct F4
transaction LNW Restricted Stock Units Award $0 +2,740 $0.000000 2,740 20 Mar 2024 Common Stock 2,740 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.