Chow Oliver 4

What Happened Oliver Chow, EVP, Chief Financial Officer and Treasurer of Light & Wonder, was granted 12,073 restricted stock units (RSUs) on May 22, 2026. The grant is recorded at $0.00 (a compensation award/derivative grant). These RSUs do not convert to shares immediately; they are subject to vesting and a performance condition.

Key Details

• Transaction date: 2026-05-22 (reported on Form 4 filed 2026-05-26). Filing appears timely given the May 25 federal holiday.
• Grant: 12,073 RSUs; reported acquisition price $0.00 (award/derivative).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote (F1): RSUs cliff vest on March 4, 2029 only if a specified performance goal is met by that date; if the goal is not met, the RSUs are forfeited. Each unit converts one-for-one into a share of common stock upon vesting.
• Transaction type: Award/Grant (code A); not a market purchase or sale.

Context RSU grants are a common form of executive compensation and do not reflect an immediate purchase or sale of stock. Because these units are performance-contingent and cliff-vest in 2029, they are intended as long-term incentive compensation rather than a near-term trading signal.