Light & Wonder (ASX: LNW) director receives new RSU grant and shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Light & Wonder director Virginia E. Shanks increased her equity stake through stock-based awards. On June 10, 2026 she exercised 2,391 restricted stock units, which converted on a one-for-one basis into 2,391 shares of common stock, bringing her direct holdings to 11,710 shares.
On the same date she received a new grant of 2,498 restricted stock units, each convertible into one share of common stock and scheduled to vest by the earlier of the 2027 annual stockholder meeting or June 10, 2027. The common shares are held via CHESS Depositary Interests traded on the Australian Securities Exchange.
Positive
- None.
Negative
- None.
Insights
Routine equity award and vesting increase director’s share exposure.
Director Virginia E. Shanks had 2,391 restricted stock units vest and convert into common stock, while also receiving a new grant of 2,498 units. These are standard equity compensation events rather than open-market purchases or sales.
After the transactions she directly holds 11,710 common shares and 2,498 unvested restricted stock units. Because there were no sales or disposals and no remaining derivative positions reported, this filing mainly reflects ongoing alignment of director compensation with shareholder interests.
Insider Trade Summary
2,391 shares exercised/converted
Mixed
3 txns
Insider
SHANKS VIRGINIA E
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 — 11,710 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 vested and exercised: 2,391 units/shares
New RSU grant: 2,498 units
Common shares after transactions: 11,710 shares
+2 more
5 metrics
RSUs vested and exercised
2,391 units/shares
Restricted stock units vested and converted into common stock on June 10, 2026
New RSU grant
2,498 units
Restricted stock units granted on June 10, 2026
Common shares after transactions
11,710 shares
Direct common stock holdings following June 10, 2026 transactions
Outstanding RSUs after transactions
2,498 units
Unvested restricted stock units remaining after June 10, 2026
Exercise transactions
1 exercise, 2,391 shares
Derivative exercise/conversion events summarized in transactionSummary
Key Terms
Restricted Stock Units, CHESS Depositary Interests, derivative security, vesting, +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.
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.
vesting financial
"Represents the vesting of restricted stock units granted on June 10, 2025."
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.
annual meeting of stockholders financial
"scheduled to vest on the earlier of (a) the date of the issuer's 2027 annual meeting of stockholders"
FAQ
What insider transactions did Light & Wonder (LNWO) report for Virginia E. Shanks?
Light & Wonder reported that director Virginia E. Shanks had 2,391 restricted stock units vest and convert into common stock and received a new grant of 2,498 restricted stock units. These transactions increased her direct share ownership and future equity exposure without any reported share sales.
What equity awards did Light & Wonder grant to Virginia E. Shanks on June 10, 2026?
On June 10, 2026, Light & Wonder granted Virginia E. Shanks 2,498 restricted stock units. Each unit converts into one share of common stock and is scheduled to vest on the earlier of the company’s 2027 annual stockholder meeting or June 10, 2027, aligning compensation with long-term service.
What happened to the previously granted restricted stock units for Virginia E. Shanks?
Previously granted restricted stock units for Virginia E. Shanks vested on June 10, 2026. A total of 2,391 units converted into 2,391 shares of common stock on a one-for-one basis, fully exhausting that RSU award and increasing her direct share ownership in Light & Wonder.