McLennan Hamish 4

What Happened
Hamish McLennan, a director of Light & Wonder, had 664 restricted stock units (RSUs) converted into 664 shares and the same 664 shares were then disposed/transferred on March 12, 2026. All reported transactions show a $0.00 per-share price and $0 total value, indicating these were conversions/transfers rather than open-market cash sales or purchases.

Key Details

• Transaction date: March 12, 2026. Form filed March 16, 2026 reporting the March 12 transactions.
• Reported transactions:
  • Grant/award (A): 664 shares (derivative) @ $0.00 — acquired (RSU award/conversion).
  • Exercise/conversion (M): 664 shares @ $0.00 — acquired (derivative to common stock).
  • Exercise/conversion (M): 664 shares @ $0.00 — disposed.
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • Shares are held as CHESS Depositary Interests (CDIs) on the ASX (F1).
  • Some company shares are held by entities associated with Mr. McLennan (Linyanti Holdings Pty Ltd ATF McLennan Superannuation Fund and Londolozi Pty Ltd ATF Londolozi Family Trust) (F2, F3).
  • The 664 units reflect immediately restricted stock units that converted one-for-one into common shares (F4).
• The filing reports conversion and transfer activity (zero consideration) — not an open-market purchase or sale.

Context
This appears to be an internal conversion of RSUs into common stock followed by a transfer/disposition of those shares (e.g., to holding entities or for administrative/tax purposes). Because the transactions show $0 consideration, they should not be interpreted as a cash sale; they are typical non-market equity administration events. Retail investors should note these are not necessarily signals of buying or selling sentiment by the director.