Light & Wonder director awarded 2,498 RSUs
Light & Wonder, Inc. director Hamish McLennan reported equity compensation activity, not open-market trading.
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 Trade Summary
2,391 shares exercised/converted
Exercise
5 txns
Insider
McLennan Hamish
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,391 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,498 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,391 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,498 contracts (Direct);
Common Stock — 28,837 shares (Direct);
Common Stock — 6,380 shares (Indirect, Superannuation Fund);
Common Stock — 9,750 shares (Indirect, Londolozi Family Trust)
Footnotes (5)
- 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 shares of common stock held by Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund, a retirement fund of which Mr. McLennan is the beneficiary.
- F3. Represents shares of common stock held by Londolozi Pty Limited ATF Londolozi Family Trust, of which Mr. McLennan serves as trustee.
- F4. 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.
- F5. 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
New RSU grant: 2,498 RSUs
RSUs vested: 2,391 RSUs
Direct common shares after transactions: 28,837 shares
+3 more
6 metrics
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
Key Terms
CHESS Depositary Interests, Restricted Stock Units, Superannuation Fund, Family Trust, +1 more
5 terms
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
