Antonia Korsanos, a director of Light & Wonder, Inc. (LNW), reported the vesting and acquisition of restricted stock units on 10/01/2025. Two vesting events converted 1,417 and 3,333 RSUs into common shares at a conversion price of $0, increasing her direct beneficial ownership to 27,565 shares after the second transaction. The report also discloses 313 shares held indirectly by her child (Chess Depositary Interests on the ASX), which the reporting person disclaims beneficial ownership of. The Form 4 was signed by James Sottile as attorney-in-fact on behalf of Ms. Korsanos.
Light & Wonder, Inc. (LNW) director Jamie Odell reported the vesting and settlement of restricted stock units into common stock on 10/01/2025. Two tranches vested for 2,138 shares and 3,333 shares at a stated price of $0 per share (transaction code M), consistent with one-for-one RSU conversion.
Following these transactions, Odell directly owns 20,941 shares. Indirect holdings include 36 shares by child, 8,275 shares by the Odell Family Trust, and 10,000 shares by the Jamie and Caroline Odell Superannuation Fund. The remaining portion of the December 11, 2023 RSU grant is scheduled to vest on October 1, 2026.
Light & Wonder, Inc. announced that its subsidiary Light and Wonder International, Inc. issued $1 billion of senior unsecured notes due 2033 in a private offering. The notes carry a 6.250% annual interest rate, paid semiannually starting April 1, 2026.
The company plans to use the net proceeds to repay all borrowings under its revolving credit facility, redeem $700 million of 7.000% senior unsecured notes due 2028, and for general corporate purposes, which may include equity repurchases. The notes are guaranteed on a senior unsecured basis by the parent and certain domestic subsidiaries and are governed by covenants limiting additional debt, dividends, asset sales, and certain transactions.