Wilson Matthew R. 4

4 · Light & Wonder, Inc. · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 7, 2026

Light & Wonder (LNW) CEO Matthew R. Wilson Exercises RSUs, Sells Shares

What Happened

Matthew R. Wilson, President & CEO of Light & Wonder (ASX: LNW), had one-third of a restricted stock unit (RSU) award vest on March 5, 2026. The vesting converted 6,274 RSUs into common shares.
To satisfy tax withholding, 2,469 of those shares were surrendered/sold at an indicated USD-equivalent price of $92.62 per share, for a withholding value of $228,679. The net result was Wilson receiving the remaining vested shares (6,274 vested less 2,469 withheld = 3,805 net shares).

Key Details

Transaction date: March 5, 2026; Form 4 filed March 6, 2026 (timely filing).
Reported entries: conversion/exercise of derivative (RSU vesting) 6,274 shares; tax withholding disposition of 2,469 shares at $92.62 ($228,679 total).
Shares owned after transaction: not specified in the filing.
Footnotes: Shares are held as CHESS Depositary Interests (CDIs) on the ASX (each CDI equals one share). The $92.62 figure is a USD conversion (exchange rate used: 1 AUD = $0.7075 USD). The withholding reflects tax surrender to satisfy obligations on vesting.
Transaction codes: M = conversion/exercise of derivative (RSU vesting); F = tax withholding/surrender.

Context

This was vesting of RSUs (an award), not an open-market buy or voluntary sale; withholding to cover taxes is routine and does not necessarily indicate a change in the insider’s view of the company.
The RSU award vests in three equal installments: one-third vested on March 5, 2026 (this filing), with the remaining two installments scheduled for March 5, 2027 and March 5, 2028.
Because shares were surrendered to cover taxes, this functioned like a cashless withholding rather than a discretionary sale of additional shares.

Form 4

Period: 2026-03-05

President & CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-05+6,274→ 169,217 total
Tax Payment
Common Stock
[F1][F2]
2026-03-05$92.62/sh−2,469$228,679→ 166,748 total
Exercise/Conversion
Restricted Stock Units
[F3]
2026-03-05−6,274→ 12,548 total
→ Common Stock (6,274 underlying)

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 satisfaction of tax withholding obligations upon the vesting of restricted stock units. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7075 USD.
[F3]Represents the vesting of one-third of restricted stock units granted on March 5, 2025. The balance of the award is scheduled to vest in two equal installments of 6,274 shares on March 5, 2027 and March 5, 2028. Each restricted stock unit converts into a share of common stock on a one-for-one basis.

Signature

/s/ Matthew R. Wilson|2026-03-06

1 file