Lane Siobhan 4

What Happened

• Lane Siobhan, SVP & CEO — Gaming at Light & Wonder, was granted 12,073 restricted stock units (RSUs) on May 22, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 per unit (total reported value $0).
• This was an award (compensation), not a market purchase or sale. RSUs are common executive compensation and do not represent immediately tradable shares.

Key Details

• Transaction date: 2026-05-22; Form filed: 2026-05-26.
• Transaction type/code: A (Grant/Award) — derivative award of 12,073 RSUs reported at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The RSUs cliff vest on March 4, 2029 only if a specified performance goal is achieved by that date; if the goal is not met, the RSUs are forfeited. Each RSU converts one-for-one into a share of common stock upon vesting.
• No 10b5-1 plan, tax-withholding, or late-filing flag is indicated in the provided filing details.

Context

• RSU awards signal company compensation tied to future performance rather than an immediate personal investment. Because these units vest only upon meeting a performance target by 2029, they align executive pay with long-term results and do not increase the insider’s current voting power or liquid holdings until vesting and conversion to shares.