Matthew R. Wilson - Mar 20, 2024 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
President & CEO
Signature
/s/ James Sottile, attorney-in-fact for Matthew R. Wilson
Stock symbol
LNW
Transactions as of
Mar 20, 2024
Transactions value $
-$1,646,485
Form type
4
Date filed
3/22/2024, 09:04 PM
Previous filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LNW Common Stock Options Exercise $0 +27.8K +22.04% $0.00 154K Mar 20, 2024 Direct
transaction LNW Common Stock Tax liability -$1.09M -10.9K -7.11% $99.80 143K Mar 20, 2024 Direct F1
transaction LNW Common Stock Options Exercise $0 +13.9K +9.71% $0.00 157K Mar 20, 2024 Direct
transaction LNW Common Stock Tax liability -$556K -5.46K -3.48% $101.90 151K 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 Options Exercise $0 -9.8K -100% $0.00* 0 Mar 20, 2024 Common Stock 9.8K Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -2.4K -100% $0.00* 0 Mar 20, 2024 Common Stock 2.4K Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -7.19K -100% $0.00* 0 Mar 20, 2024 Common Stock 7.19K Direct F4
transaction LNW Restricted Stock Units Options Exercise $0 -6.68K -100% $0.00* 0 Mar 20, 2024 Common Stock 6.68K Direct F5
transaction LNW Restricted Stock Units Options Exercise $0 -4.2K -50% $0.00 4.2K Mar 20, 2024 Common Stock 4.2K Direct F6
transaction LNW Restricted Stock Units Options Exercise $0 -11.4K -33.33% $0.00 22.7K Mar 20, 2024 Common Stock 11.4K Direct F7
transaction LNW Restricted Stock Units Award $0 +19.5K $0.00 19.5K Mar 20, 2024 Common Stock 19.5K Direct F8
transaction LNW Restricted Stock Units Award $0 +9.77K $0.00 9.77K Mar 20, 2024 Common Stock 9.77K Direct F9
transaction LNW Restricted Stock Units Award $0 +9.77K $0.00 9.77K Mar 20, 2024 Common Stock 9.77K 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 March 22, 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 substantially installments on March 20, 2025 (11,366) and March 20, 2026 (11,367). 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 (6,513 shares), March 20, 2026 (6,513 shares) and March 20, 2027 (6,514 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.