[Form 4] Light & Wonder, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Light & Wonder, Inc. executive Oliver Chow, EVP, CFO & Treasurer, reported multiple equity compensation transactions involving restricted stock units (RSUs) and common stock. On March 4, he received several RSU grants totaling 7,147, 3,573 and 3,573 units at no cost, including an award used as payment of his 2025 annual bonus that vested immediately based on 2025 performance. Other RSUs are scheduled to vest in three equal installments on March 4, 2027, 2028 and 2029, or to cliff vest on March 4, 2029 if performance goals are met by December 31, 2028.
On March 4 and 5, Chow exercised RSUs into common stock, acquiring 5,144 and 1,961 shares, respectively, at $0.00 per share. To cover tax withholding on these vestings, 2,025 shares at $91.05 and 772 shares at $92.62 were automatically disposed of. He also sold 5,144 shares of common stock in an open‑market transaction at an average price of $90.22 per share, with individual trade prices ranging from $89.31 to $89.38. After these transactions, he directly holds 6,146 shares of common stock and 3,924 RSUs. All holdings are in CHESS Depositary Interests, each representing one share traded on the ASX.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,961 | $0.00 | -- |
| Exercise | Common Stock | 1,961 | $0.00 | -- |
| Tax Withholding | Common Stock | 772 | $92.62 | $72K |
| Sale | Common Stock | 5,144 | $90.22 | $464K |
| Grant/Award | Restricted Stock Units | 5,144 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,144 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 7,147 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,573 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,573 | $0.00 | -- |
| Exercise | Common Stock | 5,144 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,025 | $91.05 | $184K |
Footnotes (1)
- Shares are held in 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. The transaction was executed in multiple trades at prices ranging from $89.31 to $89.38. The price reported above reflects the weighted average sale price. Details regarding aggregated sale transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer. 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 equal installments of 1,962 shares on March 5, 2027 and March 5, 2028. Each restricted stock unit converts into a share of common stock on a one-for-one basis.
