Kalabic Vanja 4
4 · Light & Wonder, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Light & Wonder (LNW) SVP Kalabic Vanja Exercises Awards, Sells Shares
What Happened
Kalabic Vanja, SVP & Chief Accounting Officer of Light & Wonder (ASX: LNW), had restricted stock units (RSUs) vest on March 20, 2026 and converted those awards into CHESS Depositary Interests (CDIs). A total of 1,863 CDIs were acquired via vesting/conversion (1,195 + 668). To satisfy tax withholding obligations, 671 CDIs (431 + 240) were surrendered/disposed at $78.61 per share (USD), totaling $52,747 ($33,881 + $18,866). Net increase to Vanja’s holding from this event was 1,192 CDIs (1,863 acquired minus 671 withheld), based on the reported transactions.
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (filed on the SEC due date).
- Converted/vested: 1,195 CDIs (from one award) and 668 CDIs (from another) — total 1,863 CDIs.
- Shares surrendered for tax withholding: 431 CDIs ($33,881) and 240 CDIs ($18,866) — total ~$52,747. Price shown: $78.61 per CDI (USD).
- Footnotes: CDIs are ASX-listed units representing one share each (held via CHESS Depositary Nominees). Withholdings represent tax satisfaction on RSU vesting. One-third of RSUs from 8/25/2023 vested (that award is now fully vested); one-third of RSUs from 3/20/2024 vested (remaining balance vests 3/20/2027).
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
- These entries reflect RSU vesting and conversion to CDIs, not open-market purchases or discretionary sales. The dispositions were tax withholdings (code F), a routine administrative step often seen when awards vest.
- Derivative/option codes in the filing indicate conversion/settlement of awards (M/X), not a separate market sale.
- No indication of a 10b5-1 plan or gift; filing appears timely (filed within the SEC Form 4 due period).
Bottom line: This was a routine RSU vesting event for Light & Wonder’s SVP & CAO, with a portion of the vested shares surrendered to cover taxes and the remainder retained, resulting in a modest net increase in ownership.
Insider Transaction Report
- Exercise of In-Money
Common Stock
[F1]2026-03-20+1,195→ 8,236 total - Tax Payment
Common Stock
[F1][F2]2026-03-20$78.61/sh−431$33,881→ 7,805 total - Exercise/Conversion
Common Stock
[F1]2026-03-20+668→ 8,473 total - Tax Payment
Common Stock
[F1][F2]2026-03-20$78.61/sh−240$18,866→ 8,233 total - Exercise of In-Money
Restricted Stock Units
[F3]2026-03-20−1,195→ 0 total→ Common Stock (1,195 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-03-20−668→ 668 total→ Common Stock (668 underlying)
Footnotes (4)
- [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 $0.7023 USD.
- [F3]Represents the vesting of one-third of restricted stock units granted on August 25, 2023. The award has fully vested. Each restricted stock unit converts into a share of common stock on a one-for-one basis.
- [F4]Represents the vesting of one-third of restricted stock units granted on March 20, 2024. The balance of the award is scheduled to vest on March 20, 2027. Each restricted stock unit converts into a share of common stock on a one-for-one basis.