Light & Wonder (LNW) CEO awarded 30,182 performance-based RSUs vesting in 2029

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Light & Wonder, Inc. reported that President & CEO Matthew R. Wilson received a grant of 30,182 restricted stock units as equity compensation. These RSUs cliff vest on March 4, 2029 only if a specified performance goal is achieved; otherwise they are forfeited. Each vested unit will convert into one share of common stock, and this grant represents his reported direct holdings of these RSUs following the transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wilson Matthew R.

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	30,182	$0.00	--

Holdings After Transaction: Restricted Stock Units — 30,182 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

RSUs granted: 30,182 units Vesting date: March 4, 2029 Conversion ratio: 1:1 to common stock +1 more

4 metrics

RSUs granted 30,182 units Restricted stock unit award to President & CEO

Vesting date March 4, 2029 Cliff vesting date contingent on performance goal

Conversion ratio 1:1 to common stock Each vested RSU converts to one share

Post-transaction RSU holdings 30,182 units Direct derivative holdings following the grant

Key Terms

Restricted Stock Units, cliff vest, performance goal, one-for-one basis

4 terms

Restricted Stock Units financial

"The restricted stock units are scheduled to cliff vest on March 4, 2029"

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.

cliff vest financial

"The restricted stock units are scheduled to cliff vest on March 4, 2029"

A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.

performance goal financial

"contingent upon the achievement of a performance goal"

one-for-one basis financial

"Each unit converts into a share of common stock on a one-for-one basis"

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Form 4 Insider Transactions: What Each Field Means →

05/26/2026 - 09:57 PM

SEC Form 4

FORM 4

UNITED 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^*

Wilson Matthew R.

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	05/22/2026		A		30,182		⁽¹⁾	⁽¹⁾	Common Stock	30,182	$0	30,182	D

Explanation of Responses:

1. The restricted stock units are scheduled to cliff vest on March 4, 2029, contingent upon the achievement of a performance goal. If the performance goal is not met by March 4, 2029, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.

	/s/ Matthew R. Wilson	05/26/2026
	** Signature of Reporting Person	Date
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 Light & Wonder (LNW) CEO Matthew Wilson report on this Form 4?

Matthew R. Wilson reported receiving 30,182 restricted stock units as equity compensation. These RSUs relate to Light & Wonder common stock and are recorded as a derivative acquisition, not an open-market share purchase or sale.

How many restricted stock units did LNW grant to its CEO?

Light & Wonder granted President & CEO Matthew R. Wilson 30,182 restricted stock units. This entire amount is shown as his direct derivative holdings following the reported transaction in the Form 4 filing.

When do Matthew Wilson’s Light & Wonder RSUs vest?

The restricted stock units are scheduled to cliff vest on March 4, 2029. Vesting occurs only if a specified performance goal is achieved by that date, otherwise all of the units are forfeited.

Are the CEO’s new Light & Wonder RSUs performance-based?

Yes. The RSUs vest only if a defined performance goal is achieved by March 4, 2029. If the performance goal is not met by that date, all 30,182 restricted stock units are forfeited according to the filing footnote.

How do Matthew Wilson’s RSUs convert into Light & Wonder common stock?

Each restricted stock unit converts into one share of Light & Wonder common stock. Conversion occurs upon vesting, so only RSUs that satisfy the March 4, 2029 performance-vesting condition will ultimately deliver common shares.

Was this Light & Wonder CEO transaction an open-market stock purchase or sale?

No. The filing shows a grant coded as a derivative acquisition of restricted stock units. It reflects equity compensation to the CEO, rather than an open-market purchase or sale of Light & Wonder common shares.