James Sottile - 20 Mar 2025 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 2025
Net transactions value
-$943,794
Form type
4
Filing time
21 Mar 2025, 21:09:25 UTC
Previous filing
07 Mar 2025
Next filing
03 Oct 2025
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 +3,430 +4.4% $0.000000 80,761 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $169,600 -1,649 -2% $102.85 79,112 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +3,570 +4.5% $0.000000 82,682 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $176,491 -1,716 -2.1% $102.85 80,966 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +2,045 +2.5% $0.000000 83,011 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $101,102 -983 -1.2% $102.85 82,028 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +5,145 +6.3% $0.000000 87,173 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $259,640 -2,473 -2.8% $104.99 84,700 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +4,697 +5.5% $0.000000 89,397 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $236,962 -2,257 -2.5% $104.99 87,140 20 Mar 2025 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 -3,430 -100% $0.000000 0 20 Mar 2025 Common Stock 3,430 Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -3,570 -50% $0.000000 3,570 20 Mar 2025 Common Stock 3,570 Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -2,045 -33% $0.000000 4,092 20 Mar 2025 Common Stock 2,045 Direct F4
transaction LNW Restricted Stock Units Options Exercise $0 -5,145 -100% $0.000000 0 20 Mar 2025 Common Stock 5,145 Direct F5
transaction LNW Restricted Stock Units Options Exercise $0 -4,697 -100% $0.000000 0 20 Mar 2025 Common Stock 4,697 Direct F6
* 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 25, 2022. The award has fully vested. Each restricted stock unit converted into a share of common stock on a one-for-one basis.
F3 Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The balance of the award is scheduled to vest on March 20, 2026. Each restricted stock unit converts into a share of common stock on a one-for-one basis.
F4 Represents the vesting of one-third of restricted stock units granted on March 20, 2024. The balance of the award is scheduled to vest in two equal installments of 2,046 shares on March 20, 2026 and March 20, 2027. Each restricted stock unit converts into a share of common stock on a one-for-one basis.
F5 Represents the cliff vesting of restricted stock units granted on March 20, 2022, 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 common stock on a one-for-one basis.
F6 Represents the cliff vesting of restricted stock units granted on March 20, 2022, subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 91.3% of the RSUs vested and converted into a share of common stock on a one-for-one basis.