Light & Wonder director vests 2,391 RSUs
Light & Wonder, Inc. director Stephen W. Morro reported equity compensation activity.
Rhea-AI Filing Summary
Light & Wonder, Inc. director Stephen W. Morro reported equity compensation activity. He exercised 2,391 restricted stock units, which converted on a one-for-one basis into 2,391 shares of common stock, bringing his direct common stock holdings to 17,020 shares. He also received a new grant of 2,498 restricted stock units that each convert into one share of common stock and are scheduled to vest on the earlier of the company’s 2027 annual meeting of stockholders or June 10, 2027. All shares are held via CHESS Depositary Interests traded on the Australian Securities Exchange, with each CDI representing one fully paid share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,391 shares exercised/converted
Exercise
3 txns
Insider
Morro Stephen W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,391 | $0.00 | $0.00 |
| Grant/Award | Restrictted Stock Units | 2,498 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,391 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Restrictted Stock Units — 2,498 contracts (Direct);
Common Stock — 17,020 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. Represents the vesting of restricted stock units granted on June 10, 2025. The award has fully vested. Each restricted stock unit converted into a share of common stock on a one-for-one basis.
- F3. The restricted stock units are scheduled to vest on the earlier of (a) the date of the issuer's 2027 annual meeting of stockholders and (b) June 10, 2027. Each unit converts into a share of common stock on a one-for-one basis.
Key Figures
RSUs converted to shares: 2,391 units/shares
New RSU grant: 2,498 units
Shares after transaction: 17,020 shares
+2 more
5 metrics
RSUs converted to shares
2,391 units/shares
Restricted stock units vested and converted on June 10, 2026
New RSU grant
2,498 units
Restricted stock units granted on June 10, 2026
Shares after transaction
17,020 shares
Common stock directly held following RSU conversion
Exercise/conversion price
$0.00 per unit
Restricted stock unit conversion to common stock
Vesting schedule
Earlier of 2027 meeting or June 10, 2027
New 2,498-unit RSU award vesting terms
Key Terms
CHESS Depositary Interests ("CDIs"), Restricted Stock Units, Australian Securities Exchange, vesting
4 terms
CHESS Depositary Interests ("CDIs") financial
"Shares are held via CHESS Depositary Interests ("CDIs"), which are units of beneficial ownership in shares of common stock"
Restricted Stock Units financial
"Represents the vesting of restricted stock units granted on June 10, 2025."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Australian Securities Exchange financial
"publicly traded on the Australian Securities Exchange (the "ASX")"
Australian Securities Exchange is Australia’s main marketplace where stocks, bonds, ETFs and other tradable financial instruments are bought and sold. Think of it as a large, regulated marketplace that shows current prices, matches buyers and sellers, and enforces rules to keep trading fair and orderly—information and liquidity from the exchange directly affect how easy it is to trade an investment and how its market price is determined.
vesting financial
"The restricted stock units are scheduled to vest on the earlier of (a) the date of the issuer's 2027 annual meeting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Light & Wonder (LNWO) director Stephen Morro report?
Stephen Morro reported the vesting and exercise of 2,391 restricted stock units into 2,391 common shares, plus a new grant of 2,498 restricted stock units. These transactions are equity compensation-related, not open-market buying or selling of Light & Wonder stock.
What new restricted stock units did Stephen Morro receive from Light & Wonder (LNWO)?
Stephen Morro received a new grant of 2,498 restricted stock units. Each unit will convert into one share of Light & Wonder common stock, subject to vesting conditions tied to the earlier of the 2027 annual stockholder meeting or June 10, 2027.
When do Stephen Morro’s new Light & Wonder restricted stock units vest?
The 2,498 new restricted stock units are scheduled to vest on the earlier of Light & Wonder’s 2027 annual meeting of stockholders or June 10, 2027. Upon vesting, each unit converts into one share of common stock on a one-for-one basis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
