Wilson Matthew R. 4

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.