4//SEC Filing
Sottile James 4
Accession 0000950157-25-000203
CIK 0000750004other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 8:32 PM ET
Size
19.1 KB
Accession
0000950157-25-000203
Insider Transaction Report
Form 4
Sottile James
Exec VP, CLO & Corp Sec
Transactions
- Exercise/Conversion
Common Stock
2025-03-05+4,597→ 81,928 total - Sale
Common Stock
2025-03-06$105.54/sh−2,356$248,652→ 77,331 total - Exercise/Conversion
Restricted Stock Units
2025-03-05−4,597→ 0 total→ Common Stock (4,597 underlying) - Award
Restricted Stock Units
2025-03-05+2,749→ 2,749 total→ Common Stock (2,749 underlying) - Tax Payment
Common Stock
2025-03-05$106.19/sh−2,241$237,972→ 79,687 total - Award
Restricted Stock Units
2025-03-05+4,597→ 4,597 total→ Common Stock (4,597 underlying) - Award
Restricted Stock Units
2025-03-05+2,749→ 2,749 total→ Common Stock (2,749 underlying) - Award
Restricted Stock Units
2025-03-05+5,498→ 5,498 total→ Common Stock (5,498 underlying)
Footnotes (6)
- [F1]Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units.
- [F2]The transaction was executed at a price of $105.54.
- [F3]Represents restricted stock units granted pursuant to a determination by the Compensation Committee of the Board of Directors of the issuer as payment in respect of the annual bonus earned by the reporting person with respect to 2024. The number of units was determined by dividing the dollar value of the bonus earned, based on actual performance for 2024, by the average of the high and low prices of the common stock on the day preceding the grant date. Since the restricted stock units are payment in respect of the 2024 bonus, they are subject to immediate vesting. Each unit converts into a share of common stock on a one-for-one basis.
- [F4]The restricted stock units are scheduled to vest in three equal installments on March 5, 2026, 2027 and 2028.
- [F5]The restricted stock units are scheduled to cliff vest on March 5, 2028, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2027, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.
- [F6]The restricted stock units are scheduled to cliff vest on March 5, 2028, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2027, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis.
Documents
Issuer
Light & Wonder, Inc.
CIK 0000750004
Entity typeother
Related Parties
1- filerCIK 0001751535
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 8:32 PM ET
- Size
- 19.1 KB