Kalabic Vanja 4

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.