Light & Wonder, Inc. (symbol LNWO) director Jamie Odell reported a series of equity transactions involving CHESS Depositary Interests (CDIs) representing common stock. On 2026-08-17, Odell exercised 150,000 stock options at an exercise price of $35.42 per share, acquiring an equivalent number of common shares, and 55,334 CDIs were withheld to pay the exercise price. On 2026-08-18, Odell sold an aggregate of 40,000 CDIs in open-market transactions at weighted average prices of $91.50, $91.95, and $93.06 per CDI, with the related footnotes stating these sales were to cover tax liabilities associated with the option exercise. Following these transactions, Odell also reports indirect holdings of 8,275 shares through the Odell Family Trust and 10,000 shares through a Superannuation Fund.
Light & Wonder, Inc. insider Jamie Odell filed a notice of proposed sales of 40,000 common shares of LNWO through broker Jarden Australia Pty Ltd on the ASX, with an aggregate market value of $3,919,200.00 and 78,661,761 shares outstanding as of the planned sale date of August 18, 2026. The shares relate to a cashless exercise of 94,666 options on August 17, 2026, in which 55,334 CHESS Depositary Interests (CDIs) were withheld. Odell also reported selling 30,000 common shares on June 16, 2026, for $2,702,400.00. The filing states that a portion of the net CDIs received will be sold to fund income tax liabilities, in line with the issuer’s Securities Trading Policy.
Light & Wonder, Inc. (LNWO) director Antonia Korsanos filed a notice of proposed sale under Rule 144 for up to 40,000 common securities/CDIs of Light & Wonder, to be sold on the ASX. The securities relate to an options exercise of 94,666 options on 08/17/2026 structured as a cashless exercise, in which 55,334 CDIs were withheld. The filing notes that Ms. Korsanos must recognize assessable income from the vested options, and that a portion of the net CDIs received, not exceeding the related tax liability, will be sold to fund that liability pursuant to the issuer’s Securities Trading Policy. During the past three months, she previously sold 30,000 common securities for $2,702,400.00 on 06/16/2026.
Light & Wonder, Inc. reported that Board Chair Jamie Odell and Vice Chair Toni Korsanos have notified the company of their intention to exercise a portion of their vested options on a cashless basis under the company’s 2003 Incentive Compensation Plan. The cashless mechanism provides them with CHESS Depositary Interests (CDIs) equal to the value of the positive difference between the option exercise price and the CDI price at exercise. The company states that the CDIs used to satisfy the exercises will come from existing quoted CDIs held in the Light & Wonder Employee Share Trust, so no further dilution will occur. To cover income tax liabilities arising from the exercises, each director will sell a portion of the net CDIs received, not exceeding the value of their tax liability, in line with the company’s Securities Trading Policy, with Appendix 3Y notices to be lodged after completion.
Light & Wonder, Inc. executive Siobhan Lane, SVP & CEO - Gaming, reported a sale of 2,000 shares of common stock on 2026-08-06. The shares were sold at $83.31 per share, with the price converted from Australian dollars. Following this transaction, Lane directly holds 14,933 shares, represented by CHESS Depositary Interests traded on the Australian Securities Exchange.
Light & Wonder, Inc. reported solid results for the quarter ended June 30, 2026. Revenue grew to $828 million, up 2% year-over-year, driven by 5% growth in Gaming, 14% in iGaming and partially offset by a 9% decline in SciPlay revenue.
Net income increased 26% to $120 million, or $1.53 diluted EPS, while Consolidated AEBITDA rose 9% to $383 million, lifting the AEBITDA margin to 46%. Net cash provided by operating activities surged to $241 million, up 127%, and Adjusted free cash flow reached $156 million, up 50%.
The company returned $134 million to shareholders in the quarter via repurchase of about 1.6 million CDIs, and has bought back $2.1 billion (26.2 million shares/CDIs) since 2022, or roughly 27% of prior shares. Debt totaled $5.2 billion, with a net debt leverage ratio of 3.4x, and management reiterated its full-year 2026 outlook and its goal to reduce leverage below 3.0x in the first half of 2027.
Light & Wonder, Inc. plans to release financial results for the second quarter ended June 30, 2026 on August 4, 2026, after U.S. markets close and before the ASX opens on August 5, 2026. An investor conference call and simultaneous webcast will follow at 7:00 p.m. U.S. Eastern Time / 9:00 a.m. Australian Eastern Standard Time to discuss the results.
The company reiterates its 2026 outlook for mid-to-high single-digit Consolidated AEBITDA growth and states a commitment to deleveraging its balance sheet toward the mid-point of its targeted net debt leverage ratio range during 2026 and to below 3.0x in the first half of 2027, subject to the continuation of share repurchases. Approximately US$180 million remains under the ongoing share repurchase program. As of July 1, 2026, total shares outstanding, including common stock and CDIs, were 77,049,181, following the repurchase of 1,612,580 CDIs in Q2 FY26 for about US$134 million; repurchases were paused on June 29, 2026 ahead of the Q2 blackout period.
Light & Wonder, Inc. director Jamie Odell exercised stock options and completed related share dispositions. He exercised 135,000 shares of common stock at $35.42 per share, funded partly by withholding 53,748 CHESS Depositary Interests (CDIs) and selling 30,000 CDIs at $90.08 per share to cover tax obligations linked to the exercise. Following these transactions, he holds 72,193 shares directly, plus indirect holdings of 10,000 shares through the Jamie and Caroline Odell Superannuation Fund and 8,275 shares through New Dusk Pty Ltd (Odell Family Trust). Each CDI represents one fully paid share of common stock.