Light & Wonder director awarded stock units
Light & Wonder, Inc. director Michael Marchetti reported routine equity compensation changes.
Rhea-AI Filing Summary
Light & Wonder, Inc. director Michael Marchetti reported routine equity compensation changes. Restricted stock units covering 2,391 shares fully vested and were converted into the same number of common shares, leaving him with 5,550 common shares held directly. He also received a new grant of 2,498 restricted stock units, each convertible into one share of common stock and scheduled to vest on the earlier of the company’s 2027 annual meeting or June 10, 2027. The common 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
Marchetti Michael
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 |
Holdings After Transaction:
Restricted Stock Units — 2,498 contracts (Direct);
Common Stock — 5,550 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 vested: 2,391 units
Common shares after transactions: 5,550 shares
New RSU grant: 2,498 units
+2 more
5 metrics
RSUs vested
2,391 units
Converted into common stock on a one-for-one basis
Common shares after transactions
5,550 shares
Direct holdings following RSU conversion
New RSU grant
2,498 units
Award scheduled to vest by 2027 meeting or June 10, 2027
RSU conversion ratio
1 unit : 1 share
Each restricted stock unit converts into one share of common stock
CDI ratio
1 CDI : 1 share
Each CHESS Depositary Interest represents one fully paid common share
Key Terms
Restricted Stock Units, CHESS Depositary Interests ("CDIs"), vested, annual meeting of stockholders
4 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 ("CDIs") financial
"Shares are held via CHESS Depositary Interests ("CDIs"), which are units of beneficial ownership"
vested financial
"Represents the vesting of restricted stock units granted on June 10, 2025. The award has fully vested."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Michael Marchetti report for LNWO on this Form 4?
Michael Marchetti reported the vesting and conversion of 2,391 restricted stock units into common shares and a new grant of 2,498 restricted stock units. These actions increased his equity-based holdings through routine compensation-related awards and vesting, without any reported open-market purchases or sales.
What is the size and nature of the new restricted stock unit grant to the LNWO director?
The new grant to director Michael Marchetti consists of 2,498 restricted stock units. Each unit represents the right to receive one share of Light & Wonder common stock upon vesting, providing additional equity-based compensation tied to his continued board service over time.
When will Michael Marchetti’s new LNWO restricted stock units vest?
The 2,498 restricted stock units are scheduled to vest on the earlier of the company’s 2027 annual meeting of stockholders or June 10, 2027. Upon vesting, each unit converts into one share of Light & Wonder common stock on a one-for-one basis.
Did the LNWO Form 4 show any stock sales or open-market purchases by Michael Marchetti?
The Form 4 does not show any open-market stock sales or purchases by Michael Marchetti. All reported transactions involve vesting and conversion of restricted stock units and a new restricted stock unit grant, which are compensation-related equity events rather than market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
