Light & Wonder CFO vests 879 RSUs, withholds shares
Light & Wonder, Inc. (LNWO) reported that EVP, CFO & Treasurer Oliver Chow had restricted stock units vest on August 25, 2026.
Rhea-AI Filing Summary
Light & Wonder, Inc. (LNWO) reported that EVP, CFO & Treasurer Oliver Chow had restricted stock units vest on August 25, 2026. One-third of an RSU award granted on August 30, 2023 vested, converting 879 restricted stock units into 879 shares of common stock. Of these shares, 346 shares were withheld to satisfy tax withholding obligations at a price of $91.13 per share, with the balance retained. The vested shares are held as CHESS Depositary Interests traded on the Australian Securities Exchange, each representing one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
879 shares exercised/converted
Exercise
3 txns
Insider
Chow Oliver
Role
EVP, CFO & Treas
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3 | 879 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 879 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1, F2 | 346 | $91.13 | $32K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 9,508 shares (Direct)
Footnotes (3)
- F1. Shares are held via CHESS Depositary Interests ("CDIs"), which are units of beneficial ownership in shares of common stock of the Company that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depositary Nominees Pty. Limited, a subsidiary of ASX Limited, the company that operates the ASX. Each CDI represents one fully paid share of common stock.
- F2. Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7163 USD.
- F3. Represents the vesting of one-third of restricted stock units granted on August 30, 2023. The award has fully vested. Each restricted stock unit converted into a share of common stock on a one-for-one basis.
Key Figures
Restricted stock units vested: 879 units
Common stock acquired from RSU conversion: 879 shares
Shares withheld for tax withholding obligations: 346 shares
+3 more
6 metrics
Restricted stock units vested
879 units
RSUs vested and converted into common stock on August 25, 2026
Common stock acquired from RSU conversion
879 shares
Shares received upon RSU vesting on August 25, 2026
Shares withheld for tax withholding obligations
346 shares
Common stock delivered or withheld to satisfy tax withholding obligations
Withholding price per share
$91.13 per share
Price used for shares withheld to satisfy tax obligations; converted from AUD
Exchange rate used for tax price conversion
$1 AUD to $0.7163 USD
Rate used to convert the tax withholding price from Australian Dollars to U.S. Dollars
RSU grant date
August 30, 2023
One-third of the RSU grant vested; award now fully vested
Key Terms
Restricted Stock Units, CHESS Depositary Interests, tax withholding obligations, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"Represents the vesting of one-third of restricted stock units granted on August 30, 2023"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
CHESS Depositary Interests financial
"Shares are held via CHESS Depositary Interests ("CDIs"), which are units of beneficial"
CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.
tax withholding obligations financial
"Represents the satisfaction of tax withholding obligations upon the vesting of restricted"
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
beneficial ownership financial
"which are units of beneficial ownership in shares of common stock of the Company"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Light & Wonder (LNWO) report for Oliver Chow on August 25, 2026?
Light & Wonder reported that EVP, CFO & Treasurer Oliver Chow had 879 restricted stock units vest and convert into 879 shares of common stock on August 25, 2026, as part of an equity award originally granted on August 30, 2023.
What equity award of Light & Wonder (LNWO) vested for Oliver Chow in this Form 4?
The transaction represents the vesting of one-third of restricted stock units granted on August 30, 2023. The footnote states that, following this vesting, the award has fully vested, and each restricted stock unit converted into one share of common stock.
How many restricted stock units did Oliver Chow exercise into Light & Wonder (LNWO) common stock?
The reporting person exercised and converted 879 restricted stock units into 879 shares of common stock. The derivative RSU position reported in this filing shows 0 units remaining following this vesting event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
