Every Form 4 that Light & Wonder, Inc. (LNW) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow LNW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LNW filings page.
Light & Wonder, Inc. reported that SVP & CEO - Gaming Siobhan Lane received a grant of 12,073 restricted stock units. These RSUs cliff vest on March 4, 2029 only if a performance goal is achieved; otherwise they are forfeited. Each unit will convert into one share of common stock upon vesting, and Lane now holds 12,073 such units directly.
Light & Wonder, Inc. reported that President & CEO Matthew R. Wilson received a grant of 30,182 restricted stock units as equity compensation. These RSUs cliff vest on March 4, 2029 only if a specified performance goal is achieved; otherwise they are forfeited. Each vested unit will convert into one share of common stock, and this grant represents his reported direct holdings of these RSUs following the transaction.
Light & Wonder, Inc. executive Oliver Chow, EVP, CFO & Treasurer, received a grant of 12,073 restricted stock units. These RSUs are scheduled to cliff vest on March 4, 2029, only if a specified performance goal is achieved; otherwise they are forfeited. Each unit will convert into one share of common stock upon vesting.
Light & Wonder, Inc. had an affiliated investment group led by Fine Capital Partners, L.P., a 10% owner, report recent activity in its common stock. Private funds it manages sold 80,000 shares in the open market at a weighted average price of $82.4428 per share, leaving 7,768,992 shares held indirectly afterward.
The group then made an additional in‑kind distribution of 102,200 shares from those private funds to certain investors for no cash consideration, reducing indirect holdings to 7,666,792 shares. Separately, 13,000 shares are owned directly by Debra Fine for her personal account, and are not held by the Fine Capital entities. The reporting parties state they may be deemed beneficial owners only to the extent of their pecuniary interest.
Light & Wonder, Inc. reported routine equity compensation activity for President & CEO Matthew R. Wilson as restricted stock units vested and converted into common stock. On March 20, 2026 he acquired 51,978 shares of common stock through the exercise or conversion of restricted stock units, each on a one-for-one basis.
To satisfy tax withholding obligations on these vestings, 20,454 shares of common stock were disposed of at a price of $78.61 per share, with the shares delivered rather than sold in the open market. Following these transactions, Wilson directly owned 198,272 shares of common stock, which are held via CHESS Depositary Interests on the Australian Securities Exchange, with each CDI representing one fully paid share.
Light & Wonder, Inc. senior executive Siobhan Lane reported compensation-related equity activity. On March 20, 2026, a total of 19,991 restricted stock units vested and converted into the same number of common shares, reflecting time-based and performance-based RSU awards.
To satisfy tax obligations on these vestings, 8,316 common shares were withheld at a price of $78.61 per share, which is recorded as a disposal but is not an open-market sale. After these transactions, Lane directly holds 16,933 shares of common stock, with no remaining RSUs from the reported grants.
Light & Wonder, Inc. executive Kalabic Vanja, SVP & Chief Accounting Officer, reported the vesting and exercise of restricted stock units that converted into 1,863 shares of common stock on March 20, 2026. These shares are held via CHESS Depositary Interests traded on the Australian Securities Exchange.
To cover tax obligations on the vesting, 671 shares were withheld at a reference price of $78.61 per share, leaving a net increase in directly held stock. Following these routine compensation-related transactions, Vanja directly owns 8,233 shares/CDIs of Light & Wonder common stock.
Light & Wonder EVP, CFO & Treasurer Oliver Chow increased his equity stake through RSU vesting and exercises. On March 20, 2026, he exercised and vested restricted stock units covering 4,667 shares of common stock, including performance-based awards where 100% of the RSUs vested after three-year criteria were met.
The transactions reflect one-third vesting of grants from August 25, 2023 and March 20, 2024, plus cliff vesting of performance RSUs, all converting into common stock on a one-for-one basis. To satisfy tax obligations, 1,838 shares were withheld at a price of $78.61 per share, rather than sold in the open market.
Following these compensation-related events, Chow directly owns 8,975 shares of common stock, held via CHESS Depositary Interests on the Australian Securities Exchange, with no remaining derivative positions reported in this filing.
Light & Wonder, Inc. director Stephen W. Morro reported compensation-related equity activity involving 2,214 restricted stock units on March 12, 2026. He received a grant of 2,214 restricted stock units as payment for service on a special board committee, with each unit convertible into one share of common stock.
On the same date, he exercised these 2,214 restricted stock units into 2,214 shares of common stock at a conversion price of $0.00 per share, increasing his directly held common stock position to 14,629 shares. The shares are held via CHESS Depositary Interests on the Australian Securities Exchange, with each CDI representing one fully paid share of common stock.
Light & Wonder director Hamish McLennan received and exercised equity awards tied to his board service. He was granted 664 restricted stock units as payment for work on a special board committee, which immediately converted on a one-for-one basis into 664 shares of common stock. After this conversion, he directly holds 26,446 shares of common stock, and also has indirect holdings of 6,380 shares through a superannuation fund and 9,750 shares through the Londolozi Family Trust.
Light & Wonder senior vice president and CEO of Gaming, Siobhan Lane, reported open-market sales of company common stock. On March 11, Lane sold a total of 12,953 shares in two transactions at weighted average prices of $89.03 and $89.67 per share. Following these sales, Lane directly holds 5,258 shares of Light & Wonder common stock. The trades were executed in multiple lots within disclosed price ranges, with detailed trade breakdowns available on request.
Light & Wonder, Inc. senior vice president and CEO of Gaming Siobhan Lane reported open-market sales of a total of 17,394 shares of common stock on March 9–10, 2026, at prices in the high-$80s to around $90 per share. After these transactions, Lane directly holds 18,211 shares of Light & Wonder common stock.
Light & Wonder, Inc. President & CEO Matthew R. Wilson reported equity compensation activity tied to restricted stock units. On March 5, 2026, 6,274 restricted stock units were exercised at $0.00 per unit, converting into 6,274 shares of common stock. After this, he held 12,548 restricted stock units and 169,217 shares of common stock directly.
On the same date, 2,469 shares of common stock at $92.62 per share were disposed of to satisfy tax withholding obligations related to the vesting, leaving 166,748 common shares directly owned. Footnotes note the shares are held via CHESS Depositary Interests on the ASX and that the original RSU grant from March 5, 2025 vests in three equal installments through 2028.
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.
Light & Wonder, Inc. senior vice president and CEO of Gaming Siobhan Lane reported multiple equity compensation changes. On March 4, 2026, she received several grants of restricted stock units (RSUs), including awards of 8,622, 4,310 and 4,311 units, with some scheduled to vest over time or upon performance goals.
On March 4–5, 2026, previously granted RSUs vested and were converted into common stock through exercises coded “M,” increasing her direct common share holdings to 35,605 shares and leaving 4,826 RSUs outstanding. Form 4 also shows share dispositions coded “F” totaling 2,741 and 1,004 shares at prices of $91.05 and $92.62 per share, used to satisfy tax withholding obligations upon RSU vesting.
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.
Light & Wonder, Inc. director Hamish McLennan reported an open-market sale of 6,000 CHESS Depositary Interests, each representing one share of common stock, at $90.36 per share. After this sale, he directly holds 25,782 common shares. He also has indirect ownership of 6,380 shares through a superannuation fund and 9,750 shares through a family trust, both of which hold common stock on his behalf.
Light & Wonder, Inc. received a Form 4 filing from investment entities affiliated with Fine Capital regarding sales of common stock. On January 27, 2026, these reporting persons sold 2,225, 2,426, and 4,386 shares of common stock in three separate transactions.
The weighted average sale prices were $112.2933, $113.2784, and $113.9387, respectively. After the final transaction, the reporting persons had an indirect pecuniary interest in 8,151,955 shares. The filing explains this interest is held through investments in private funds, and each reporting person disclaims beneficial ownership beyond their pecuniary interest.
Fine Capital Partners, L.P., Fine Capital Advisors, LLC and related reporting persons disclosed open-market sales of Light & Wonder, Inc. common stock in mid‑January 2026. Across transactions on January 19–21, 2026, private funds in which they hold a pecuniary interest sold a combined 30,501 shares at weighted average prices ranging from about $115.01 to $121.35 per share. Following these sales, the filing shows 8,166,686 shares of Light & Wonder common stock indirectly beneficially owned through private funds. The reporting persons state that this amount reflects only their pecuniary interest via these funds and they disclaim beneficial ownership beyond that interest.
Fine Capital Partners, L.P. and related entities reported indirect sales of a total of 15,000 shares of Light & Wonder, Inc. common stock on January 9, 2026. The filing lists one sale of 14,188 shares at a weighted average price of $103.4532 per share and a second sale of 812 shares at a weighted average price of $103.9993 per share. After these transactions, the reporting persons had an indirect pecuniary interest in 8,197,187 shares of common stock held through private investment funds. The reporting persons state that their interest reflects only their pecuniary stake in these funds and disclaim beneficial ownership beyond that interest.
Light & Wonder, Inc. director reporting persons disclosed multiple sales of common stock on 12/29/2025. The transactions, all marked with code "S" for sale, involved blocks of 2,932, 5,940, 11,065 and 63 shares at weighted average prices of approximately $101.972, $102.9429, $103.8941 and $104.4428 per share.
The filing states that these prices reflect weighted averages for trades executed within specified ranges from $101.73 up to $104.16, and that full trade details are available upon request. After the reported transactions, the reporting persons indirectly held 8,212,187 shares of Light & Wonder common stock through investments in private funds and expressly disclaim beneficial ownership beyond their pecuniary interest.
Light & Wonder, Inc. had an amended Form 4 filed by Fine Capital Partners, L.P., Fine Capital Advisors, LLC, and Debra Fine, who is listed as a director and more than 10% owner. The amendment updates the address of the reporting persons.
The filing reports multiple transactions in Light & Wonder common stock on December 8–9, 2025 at weighted average prices of $150.8338, $151.9219, $152.5706, $153.8229, $155.0209, and $155.5018 per share. After these trades, the reporting persons indirectly held 8,244,187 shares of common stock.
The positions are held through private funds, and each reporting person states that they disclaim beneficial ownership beyond their pecuniary interest in these securities.
Light & Wonder, Inc. reported insider equity transactions by a major shareholder group and director-affiliated entities. The reporting persons, filing jointly, disclosed several market transactions in Common Stock, $.001 par value dated 12/08/2025 and 12/09/2025, each coded as transaction type "S". One transaction on 12/08/2025 covered 7,500 shares at a weighted average price of $150.8338, with additional transactions on 12/09/2025 involving 2,496, 811, 867, 2,068 and 758 shares at weighted average prices between $151.9219 and $155.5018, all reported as indirect holdings.
Following these transactions, the filing shows 8,244,187 shares of Light & Wonder common stock beneficially owned indirectly. The footnotes explain that the reported prices are weighted averages across multiple trades within specified price ranges and that the reporting persons’ interest is held through private funds, with beneficial ownership disclaimed beyond each party’s pecuniary interest.
Light & Wonder, Inc. (LNW) executive Oliver Chow, EVP, CFO & Treasurer, reported equity transactions on 11/14/2025. He acquired 2,008 shares of common stock at $0 upon vesting of restricted stock units, reflected as CHESS Depositary Interests traded on the ASX. To satisfy tax withholding on the vesting, 791 shares of common stock were disposed of at a price of $88.97 per share, converted from Australian dollars. Following these transactions, he directly owns 6,982 shares of common stock. Two tranches of restricted stock units, for 1,133 and 875 units, fully vested on this date on a one-for-one basis into common stock, leaving no remaining RSUs from those grants.