McLennan Hamish 4
4 · Light & Wonder, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Light & Wonder (LNW) Director Hamish McLennan Sells 6,000 Shares
What Happened Hamish McLennan, a director of Light & Wonder, sold 6,000 CHESS Depositary Interests (CDIs) in an open-market transaction. The sale was reported at $90.36 per CDI, for a total of $542,160 (USD). This was a sale (not a purchase), which is typically a routine liquidity event rather than a direct signal of company outlook.
Key Details
- Transaction date: March 1, 2026 (U.S. date) / March 2, 2026 (Australia). Filing date: March 2, 2026.
- Price and value: 6,000 CDIs @ $90.36 USD each = $542,160 USD. (Price converted from AUD to USD using $1 AUD = $0.7093 USD.)
- Instrument: CDIs — each CDI represents one fully paid share of Light & Wonder common stock traded on the ASX.
- Post-transaction holdings: Not specified in the provided filing excerpt; remaining holdings appear held through Linyanti Holdings Pty Ltd ATF McLennan Superannuation Fund and Londolozi Pty Ltd ATF Londolozi Family Trust per footnotes.
- Notable footnotes: F1 clarifies the sale was of ASX-traded CDIs; F2 notes the AUD→USD conversion; F3–F4 describe holdings held in a superannuation fund and a family trust of which Mr. McLennan is beneficiary/trustee.
- Timeliness: Filing was made the day after the U.S. transaction date and appears timely based on the provided dates.
Context CDIs are the ASX mechanism representing beneficial ownership of U.S. shares and trade like regular shares on the Australian market. Sales by directors can be routine (portfolio or tax planning, trustee/superfund actions) and do not necessarily reflect insider views on future company performance.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-03-01$90.36/sh−6,000$542,160→ 25,782 total
- 6,380(indirect: Superannuation Fund)
Common Stock
[F3] - 9,750(indirect: By Trust)
Common Stock
[F4]
Footnotes (4)
- [F1]Reflects an open market sale of 6,000 of the Issuer's CHESS Depositary Interests ("CDIs") on March 2, 2026 (Australia)/March 1, 2026 (U.S.). CDIs 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]Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7093 USD.
- [F3]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.
- [F4]Represents shares of common stock held by Londolozi Pty Limited ATF Londolozi Family Trust, of which Mr. McLennan serves as trustee.