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Light & Wonder (ASX: LNW) director granted 2,498 RSUs and 2,391 RSUs vest

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Light & Wonder, Inc. director Hamish McLennan reported equity compensation activity, not open-market trading. He received 2,498 restricted stock units (RSUs), which are scheduled to vest on the earlier of the company’s 2027 annual meeting of stockholders or June 10, 2027, converting one-for-one into common stock. A prior grant of 2,391 RSUs granted on June 10, 2025 fully vested and converted into the same number of common shares. Following these events, he holds 28,837 shares of common stock directly, plus 9,750 shares indirectly via the Londolozi Family Trust and 6,380 shares via his superannuation fund.

Positive

  • None.

Negative

  • None.
Insider McLennan Hamish
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 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 28,837 shares (Direct, null); Common Stock — 6,380 shares (Indirect, Superannuation Fund)
Footnotes (1)
  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 shares of common stock held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund, a retirement fund of which Mr. McLennan is the beneficiary. Represents shares of common stock held by Londolozi Pty Limited ATF Londolozi Family Trust, of which Mr. McLennan serves as trustee. 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.
New RSU grant 2,498 RSUs Granted on June 10, 2026, vesting by 2027 meeting or June 10, 2027
RSUs vested 2,391 RSUs Granted June 10, 2025; fully vested and converted one-for-one into common stock
Direct common shares after transactions 28,837 shares Total common stock held directly following RSU vesting and grant
Indirect shares via Londolozi Family Trust 9,750 shares Common stock held through Londolozi Pty Limited ATF Londolozi Family Trust
Indirect shares via Superannuation Fund 6,380 shares Common stock held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund
Derivative exercises 2,391 shares Shares received from exercise/conversion of RSUs into common stock
CHESS Depositary Interests financial
"Shares are held via CHESS Depositary Interests ("CDIs"), which are units of beneficial ownership in shares of common stock..."
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.
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.
Superannuation Fund financial
"Represents shares of common stock held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund, a retirement fund..."
Family Trust financial
"Represents shares of common stock held by Londolozi Pty Limited ATF Londolozi Family Trust, of which Mr. McLennan serves as trustee."
vesting financial
"Represents the vesting of restricted stock units granted on June 10, 2025. The award has fully vested."
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
McLennan Hamish
(Last)(First)(Middle)
C/O LIGHT & WONDER, INC.
6601 BERMUDA ROAD
(Street)
LAS VEGAS NEVADA 89119
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Light & Wonder, Inc. [ ASX:LNW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
[ASX:LNW]
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock(1)06/10/2026M2,391A$028,837D
Common Stock6,380ISuperannuation Fund(2)
Common Stock9,750ILondolozi Family Trust(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(4)06/10/2026M2,391 (4) (4)Common Stock2,391$00D
Restricted Stock Units(5)06/10/2026A2,498 (5) (5)Common Stock2,498$02,498D
Explanation of Responses:
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.
2. Represents shares of common stock held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund, a retirement fund of which Mr. McLennan is the beneficiary.
3. Represents shares of common stock held by Londolozi Pty Limited ATF Londolozi Family Trust, of which Mr. McLennan serves as trustee.
4. 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.
5. 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.
/s/ Sweta Gabhawala, attorney-in-fact for Hamish McLennan06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Hamish McLennan report in this Light & Wonder (LNWO) Form 4?

Hamish McLennan reported equity compensation changes, including a new grant of 2,498 RSUs and the vesting of 2,391 previously granted RSUs into common stock. The filing shows updated direct and indirect share holdings, with no open‑market purchases or sales.

How many Light & Wonder shares does Hamish McLennan hold after these transactions?

After these transactions, Hamish McLennan holds 28,837 shares of common stock directly. He also has indirect holdings of 9,750 shares through the Londolozi Family Trust and 6,380 shares through his superannuation fund, as disclosed in the Form 4.

What are the terms of Hamish McLennan’s new 2,498 RSU award at Light & Wonder (LNWO)?

McLennan received 2,498 restricted stock units that will vest on the earlier of the issuer’s 2027 annual meeting of stockholders or June 10, 2027. Each RSU converts into one share of common stock upon vesting, according to the footnote disclosure.

Which RSUs vested for Hamish McLennan in this Light & Wonder Form 4?

The filing states that 2,391 RSUs granted on June 10, 2025 have fully vested. Each restricted stock unit converted into one share of common stock, increasing McLennan’s direct common stock holdings while eliminating this specific RSU balance.

How are Hamish McLennan’s indirect Light & Wonder holdings structured?

Indirect holdings include 9,750 shares held by Londolozi Pty Limited ATF Londolozi Family Trust, where McLennan serves as trustee, and 6,380 shares held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund, a retirement fund of which he is the beneficiary.

What are CHESS Depositary Interests (CDIs) mentioned in the Light & Wonder Form 4?

The footnotes explain that the shares are held via CHESS Depositary Interests (CDIs), which are units of beneficial ownership in Light & Wonder common stock traded on the ASX. Each CDI represents one fully paid share of common stock held by a depositary nominee.