Matthew R. Wilson - 20 Mar 2025 Form 4 Insider Report for Light & Wonder, Inc. (LNW)

Role
President & CEO
Signature
/s/ James Sottile, attorney-in-fact for Matthew R. Wilson
Issuer symbol
LNW
Transactions as of
20 Mar 2025
Net transactions value
-$1,391,736
Form type
4
Filing time
21 Mar 2025, 21:14:37 UTC
Previous filing
07 Mar 2025
Next filing
06 Mar 2026
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 +4,200 +3% $0.000000 146,446 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $170,011 -1,653 -1.1% $102.85 144,793 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +11,366 +7.8% $0.000000 156,159 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $460,048 -4,473 -2.9% $102.85 151,686 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +6,513 +4.3% $0.000000 158,199 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $263,605 -2,563 -1.6% $102.85 155,636 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +6,300 +4% $0.000000 161,936 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $260,375 -2,480 -1.5% $104.99 159,456 20 Mar 2025 Direct F1
transaction LNW Common Stock Options Exercise $0 +5,751 +3.6% $0.000000 165,207 20 Mar 2025 Direct
transaction LNW Common Stock Tax liability $237,697 -2,264 -1.4% $104.99 162,943 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 -4,200 -100% $0.000000 0 20 Mar 2025 Common Stock 4,200 Direct F2
transaction LNW Restricted Stock Units Options Exercise $0 -11,366 -50% $0.000000 11,367 20 Mar 2025 Common Stock 11,366 Direct F3
transaction LNW Restricted Stock Units Options Exercise $0 -6,513 -33% $0.000000 13,027 20 Mar 2025 Common Stock 6,513 Direct F4
transaction LNW Restricted Stock Units Options Exercise $0 -6,300 -100% $0.000000 0 20 Mar 2025 Common Stock 6,300 Direct F5
transaction LNW Restricted Stock Units Options Exercise $0 -5,751 -100% $0.000000 0 20 Mar 2025 Common Stock 5,751 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 substantially equal installments on March 20, 2026 (6,513 shares) and March 20, 2027 (6,514 shares). 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.