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Light & Wonder, Inc.·4

Mar 24, 9:46 PM ET

Wilson Matthew R. 4

4 · Light & Wonder, Inc. · Filed Mar 24, 2026

Research Summary

AI-generated summary of this filing

Updated

Light & Wonder (LNW) CEO Matthew R. Wilson Exercises RSUs, Sells Shares

What Happened
Matthew R. Wilson, President & CEO of Light & Wonder, had restricted stock units (RSUs) vest on March 20, 2026. A total of 51,978 shares were issued upon vesting (reported as exercises/conversions of derivative awards at $0.00). To satisfy tax withholding obligations, 20,454 of those shares were sold at A$ (converted to USD) at $78.61 per share, producing approximately $1,607,888 in gross proceeds. The remaining net shares retained from this vesting event are 31,524 shares.

Key Details

  • Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely under SEC two-business-day rule).
  • Vesting/conversion entries (code M): 51,978 shares converted into common stock (reported at $0.00 per share).
  • Tax withholding sales (code F): 20,454 shares sold at $78.61 per share for a total of ~$1,607,888 (amounts reported in USD; price converted from AUD at $1 AUD = $0.7023 USD per filing).
  • Net shares retained from this vesting: 31,524 shares (51,978 vested minus 20,454 sold for taxes).
  • Footnotes: shares are held as CHESS Depositary Interests (CDIs) on the ASX (F1); disposals labeled F represent tax-withholding sales upon RSU vesting (F2); vesting relates to awards granted March 24, 2023 and March 20, 2024, including performance-based RSUs that fully vested (F3–F6).
  • Filing timeliness: filing date is March 24, 2026 for a March 20 transaction — filed within the two-business-day window (not late).

Context

  • This was not an open-market sale for investment purposes but routine tax-withholding following RSU vesting — common practice when equity awards vest.
  • Transaction codes: M = conversion/exercise of derivative (RSU conversion to shares); F = sale to satisfy tax withholding.
  • The filing is factual; it documents vesting and associated tax-share sell-downs and does not by itself indicate CEO sentiment about the company.

Insider Transaction Report

Form 4
Period: 2026-03-20
Light & Wonder, Inc.ASX:LNW
Wilson Matthew R.
President & CEO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-20+11,367→ 178,115 total
  • Tax Payment

    Common Stock

    [F1][F2]
    2026-03-20$78.61/sh−4,473$351,623→ 173,642 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-20+6,513→ 180,155 total
  • Tax Payment

    Common Stock

    [F1][F2]
    2026-03-20$78.61/sh−2,563$201,477→ 177,592 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-20+17,049→ 194,641 total
  • Tax Payment

    Common Stock

    [F1][F2]
    2026-03-20$78.61/sh−6,709$527,394→ 187,932 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-20+17,049→ 204,981 total
  • Tax Payment

    Common Stock

    [F1][F2]
    2026-03-20$78.61/sh−6,709$527,394→ 198,272 total
  • Exercise/Conversion

    Restricted Stock Units

    [F3]
    2026-03-20−11,367→ 0 total
    → Common Stock (11,367 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F4]
    2026-03-20−6,513→ 6,514 total
    → Common Stock (6,513 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F5]
    2026-03-20−17,049→ 0 total
    → Common Stock (17,049 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6]
    2026-03-20−17,049→ 0 total
    → Common Stock (17,049 underlying)
Footnotes (6)
  • [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 March 24, 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.
  • [F5]Represents the cliff vesting of restricted stock units granted on March 24, 2023, subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 100% of the RSUs vested and converted into shares of common stock on a one-for-one basis.
  • [F6]Represents the cliff vesting of restricted stock units granted on March 24, 2023, subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 100% of the RSUs vested and converted into shares of common stock on a one-for-one basis.
Signature
/s/ Matthew R. Wilson|2026-03-24

Documents

1 file
  • 4
    form4.xmlPrimary