Chow Oliver 4

What Happened

• Oliver Chow, EVP, CFO & Treasurer of Light & Wonder (ASX: LNW), had multiple restricted stock units (RSUs) vest on March 20, 2026. The vesting/conversion produced 4,667 shares (various exercise/conversion entries at $0.00), and 1,838 of those shares were surrendered/sold to satisfy tax withholding obligations, generating about $144,486 (USD).
• The per-share withholding value reported is $78.61 (USD equivalent; amounts were converted from AUD at 1 AUD = 0.7023 USD). The underlying transactions are RSU vesting/conversion (codes M and X) with withholding for taxes (code F).

Key Details

• Transaction date: March 20, 2026; filing date: March 24, 2026 (filed within the typical two-business-day window).
• Shares converted/issued: 4,667 shares (from vested RSUs / derivative conversions, $0 exercise price per share).
• Shares withheld/sold for taxes: 1,838 shares, totaling ~$144,486 (USD) across four withholding events (280, 719, 419, 420 shares).
• Net increase to holdings from this vesting: approximately 2,829 shares (4,667 issued minus 1,838 withheld).
• Footnotes: Shares are CHESS Depositary Interests (CDIs) traded on the ASX; withholding amounts reported in USD after converting from AUD; vesting events relate to prior RSU grants (some performance- or time-based, per footnotes).
• Filing timeliness: filing date (3/24/2026) is within the standard two-business-day SEC Form 4 deadline for a 3/20/2026 transaction.

Context

• These transactions reflect RSU vesting and routine tax withholding (not an open-market sale for investment purposes). The $0 acquisition price indicates conversion of RSUs into shares rather than a cash purchase.
• For retail investors: withholding/surrender of shares to cover taxes is common after equity awards vest and does not necessarily signal a view on the company’s stock.