Light & Wonder (ASX: LNW) director exercises 2,391 RSUs and receives 2,498-unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Light & Wonder, Inc. director Timothy Throsby reported routine equity compensation activity involving restricted stock units (RSUs) and common stock. On June 10, 2026, 2,391 RSUs vested and were exercised into 2,391 shares of common stock at a stated price of $0.00 per share, leaving no remaining balance from that RSU grant. The filing shows Throsby now directly holds 44,473 shares of common stock.
On the same date, Throsby also received a new grant of 2,498 RSUs, each convertible into one share of common stock. These RSUs are scheduled to vest on the earlier of the company’s 2027 annual stockholder meeting or June 10, 2027. The filing notes that the 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
Mixed
3 txns
Insider
Throsby Timothy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,391 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,498 | $0.00 | -- |
| Exercise | Common Stock | 2,391 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 44,473 shares (Direct, null)
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 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. 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 exercised: 2,391 units
New RSU grant: 2,498 units
Shares held after transaction: 44,473 shares
+2 more
5 metrics
RSUs exercised
2,391 units
Vested and converted into common stock on June 10, 2026
New RSU grant
2,498 units
Granted on June 10, 2026, each for 1 common share
Shares held after transaction
44,473 shares
Common stock directly held after June 10, 2026 activity
Exercise price per share
$0.00
Conversion of 2,391 RSUs into common stock
RSU vesting date
Earlier of 2027 meeting or June 10, 2027
Schedule for 2,498 newly granted RSUs
Key Terms
Restricted Stock Units, CHESS Depositary Interests, CDIs, annual meeting of stockholders, +1 more
5 terms
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.
CHESS Depositary Interests financial
"Shares are held via CHESS Depositary Interests ("CDIs"), which are units of beneficial ownership"
CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.
CDIs financial
"Shares are held via CHESS Depositary Interests ("CDIs"), which are units of beneficial ownership"
CDIs (CHESS Depositary Interests) are local certificates that represent ownership of foreign shares so investors can buy, sell and hold those stocks on a domestic exchange without moving the underlying shares across borders. Think of a CDI as a local receipt for a foreign share: it gives most economic rights and easier trading in local currency and settlement systems, which matters to investors for access, liquidity, and the practical handling of dividends and corporate actions.
annual meeting of stockholders financial
"scheduled to vest on the earlier of (a) the date of the issuer's 2027 annual meeting of stockholders"
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Light & Wonder (LNWO) report for Timothy Throsby?
Director Timothy Throsby reported the vesting and exercise of 2,391 restricted stock units into common shares and a new grant of 2,498 RSUs. These equity awards reflect routine director compensation rather than open-market share purchases or sales.
What are the key details of the new RSU grant to Timothy Throsby at Light & Wonder?
Throsby received a grant of 2,498 restricted stock units on June 10, 2026. Each RSU converts into one share of common stock and is scheduled to vest on the earlier of Light & Wonder’s 2027 annual stockholder meeting or June 10, 2027, subject to standard award terms.
How were Timothy Throsby’s vested RSUs at Light & Wonder settled?
The filing shows that 2,391 previously granted RSUs vested and were exercised into 2,391 shares of common stock at a stated price of $0.00 per share. Following this conversion, no RSUs remain from that specific award, and the shares are now held as common stock.