Lane Siobhan 4

What Happened
Siobhan Lane, SVP & CEO — Gaming at Light & Wonder — had a total of 19,991 restricted stock units (RSUs) convert into common shares on March 20, 2026 (conversion recorded at $0.00 per share). To satisfy tax withholding obligations, 8,316 of those shares were transferred/disposed at an implied price of $78.61 per share, generating approximately $653,721 (USD, converted from AUD per the filing). The transactions are reported as derivatives exercised/converted (code M) and shares disposed for tax withholding (code F).

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026. No late filing is indicated in the Form 4.
• Conversion (acquired): 19,991 shares at $0.00 (RSU vesting/conversion into common shares).
• Disposed for tax withholding: 8,316 shares at $78.61 each, total ≈ $653,721 (USD).
• Footnotes:
  • F1: Shares are held as CHESS Depositary Interests (CDIs) on the ASX; each CDI = one share.
  • F2: Sale value converted from AUD to USD at 1 AUD = 0.7023 USD.
  • F3–F6: Vesting comprised one‑third tranches and performance‑based RSUs from grants on Mar 24, 2023 and Mar 20, 2024; based on performance, certain awards vested 100% and converted one‑for‑one into shares.
• Shares owned after the transactions: not specified in the public filing.

Context
This was primarily an RSU vesting event (award conversion) with a routine sell‑to‑cover to satisfy tax withholding — not an open‑market investment decision. The derivatives entries reflect the conversion/vesting of RSUs (code M) and the F entries reflect shares withheld/disposed to pay taxes (code F). For retail investors, vesting plus sell‑to‑cover is common compensation mechanics and should not be interpreted on its own as a bullish or bearish signal.