Wilson Matthew R. 4

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.