Light & Wonder (ASX:LNW) SVP reports RSU grants, vesting and share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Light & Wonder, Inc. senior vice president and chief accounting officer Vanja Kalabic reported a mix of restricted stock unit (RSU) awards, RSU vesting, tax-related share dispositions and an open-market sale of common stock. On March 4, 2026, Kalabic received RSU grants of 1,889 units as payment of the 2025 bonus, plus additional grants of 2,842 and 1,421 and 1,421 units under long-term incentive awards, each unit convertible into one share of common stock. One 1,889-unit RSU award vested and was converted into 1,889 common shares, with 756 shares delivered to satisfy tax withholding, leaving 8,174 common shares directly owned. On March 5, 2026, 646 RSUs vested and converted into 646 common shares, with 259 shares withheld for taxes and 1,520 shares sold in an open-market transaction at $90.19 per share. After these transactions, Kalabic directly owned 7,041 common shares, held via CHESS Depositary Interests traded on the Australian Securities Exchange.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,520 shares ($137,089)
Net Sell
11 txns
Insider
Kalabic Vanja
Role
SVP & Chief Accounting Officer
Sold
1,520 shs ($137K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 646 | $0.00 | -- |
| Exercise | Common Stock | 646 | $0.00 | -- |
| Tax Withholding | Common Stock | 259 | $92.62 | $24K |
| Sale | Common Stock | 1,520 | $90.19 | $137K |
| Grant/Award | Restricted Stock Units | 1,889 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,889 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,842 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,421 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,421 | $0.00 | -- |
| Exercise | Common Stock | 1,889 | $0.00 | -- |
| Tax Withholding | Common Stock | 756 | $91.05 | $69K |
Holdings After Transaction:
Restricted Stock Units — 1,293 shares (Direct);
Common Stock — 8,820 shares (Direct)
Footnotes (1)
- 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. 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 $0.7093 USD. 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 $0.7075 USD. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7075 USD. Represents restricted stock units granted pursuant to a determination by the Compensation Committee of the Board of Directors of the issuer as payment in respect of the annual bonus earned by the reporting person with respect to 2025. The number of units was determined by dividing the dollar value of the bonus earned, based on actual performance for 2025, by the average of the high and low prices of the CDIs on the day preceding the grant date. Since the restricted stock units are payment in respect of the 2025 bonus, they are subject to immediate vesting. Each unit converts into a share of common stock on a one-for-one basis. The restricted stock units are scheduled to vest in three equal installments on March 4, 2027, 2028 and 2029. The restricted stock units are scheduled to cliff vest on March 4, 2029, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2028, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis. The restricted stock units are scheduled to cliff vest on March 4, 2029, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2028, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis. Represents the vesting of one-third of restricted stock units granted on March 5, 2025. The balance of the award is scheduled to vest in two substantially equal installments on March 5, 2027 (646 shares) and March 5, 2028 (647 shares). Each restricted stock unit converts into a share of common stock on a one-for-one basis.
FAQ
What insider transactions did Vanja Kalabic report for Light & Wonder (LNW)?
Vanja Kalabic reported RSU grants, RSU vesting into common stock, tax-withholding share dispositions, and an open-market sale of 1,520 common shares. These transactions reflect compensation-related equity awards rather than open-market purchases of new shares.
What restricted stock units did Vanja Kalabic receive from Light & Wonder (LNW)?
Kalabic received multiple RSU grants, including 1,889 units as payment for a 2025 bonus and additional long-term awards of 2,842, 1,421 and 1,421 units. Each restricted stock unit converts into one share of Light & Wonder common stock upon vesting, subject to stated conditions.