Lane Siobhan 4

What Happened Siobhan Lane, SVP & CEO – Gaming at Light & Wonder (ASX:LNW), had restricted stock units (RSUs) convert into shares on March 4–5, 2026 (9,003 shares total: 6,590 on 3/4 and 2,413 on 3/5). To satisfy tax-withholding obligations on the vesting, 2,741 shares were withheld/sold on March 4 at a reported price of $91.05 (USD) for proceeds of $249,568, and 1,004 shares were withheld/sold on March 5 at $92.62 (USD) for $92,990 — total tax-related proceeds ≈ $342,558. The conversions/awards themselves show $0 exercise price because they are RSU vest/conversion events (derivative-to-share).

Key Details

• Primary action: RSU vesting/conversion (transaction code M/A) and share dispositions to cover taxes (code F).
• Conversion dates: 2026-03-04 (6,590 shares) and 2026-03-05 (2,413 shares); withheld/sold for taxes on 2026-03-04 (2,741 shares at $91.05 = $249,568) and 2026-03-05 (1,004 shares at $92.62 = $92,990).
• Total shares sold to cover taxes: 3,745; total proceeds ≈ $342,558 (USD).
• Several RSU awards were reported on 2026-03-04 (6,590; 8,622; 4,310; 4,311 units) with differing vesting terms (see footnotes). One-third of a separate RSU award (2,413 shares) vested per footnote F8; remaining installments scheduled in later years.
• Shares are held/traded as CHESS Depositary Interests (CDIs) on the ASX (footnote F1). Prices reported in USD were converted from AUD (footnotes F2/F3).
• Filing date: 2026-03-06 for transactions on 2026-03-04 and 03-05 — filing appears timely (no late-filing indication in the provided data).

Context These transactions reflect routine RSU vesting and the common practice of withholding/selling shares to satisfy tax obligations (not an open-market investment decision). Derivative entries indicate RSUs converted into underlying CDIs/shares; the withheld/disposed shares were specifically to meet tax withholding (codes F). Some of the reported RSU awards are performance- or time-based with future vesting dates or cliff/performance conditions (see footnotes), so additional conversions or forfeitures could occur later.