0000950157-24-000503.txt : 20240322 0000950157-24-000503.hdr.sgml : 20240322 20240322204642 ACCESSION NUMBER: 0000950157-24-000503 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240320 FILED AS OF DATE: 20240322 DATE AS OF CHANGE: 20240322 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sottile James CENTRAL INDEX KEY: 0001751535 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11693 FILM NUMBER: 24776698 MAIL ADDRESS: STREET 1: C/O LIGHT & WONDER, INC. STREET 2: 6601 BERMUDA ROAD CITY: LAS VEGAS STATE: NV ZIP: 89119 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Light & Wonder, Inc. CENTRAL INDEX KEY: 0000750004 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] ORGANIZATION NAME: 06 Technology IRS NUMBER: 810422894 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 6601 BERMUDA ROAD CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7028977150 MAIL ADDRESS: STREET 1: 6601 BERMUDA ROAD CITY: LAS VEGAS STATE: NV ZIP: 89119 FORMER COMPANY: FORMER CONFORMED NAME: SCIENTIFIC GAMES CORP DATE OF NAME CHANGE: 20010427 FORMER COMPANY: FORMER CONFORMED NAME: AUTOTOTE CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: UNITED TOTE INC DATE OF NAME CHANGE: 19920317 4 1 form4.xml X0508 4 2024-03-20 0000750004 Light & Wonder, Inc. LNW 0001751535 Sottile James C/O LIGHT & WONDER, INC. 6601 BERMUDA ROAD LAS VEGAS NV 89119 true Exec VP, CLO & Corp Sec false Common Stock 2024-03-20 4 M 0 18611 0 A 76089 D Common Stock 2024-03-20 4 F 0 8945 99.8 D 67144 D Common Stock 2024-03-20 4 M 0 12944 0 A 80088 D Common Stock 2024-03-20 4 F 0 6220 101.9 D 73868 D Restricted Stock Units 2024-03-20 4 M 0 9375 0 D Common Stock 9375 0 D Restricted Stock Units 2024-03-20 4 M 0 2236 0 D Common Stock 2236 0 D Restricted Stock Units 2024-03-20 4 M 0 6707 0 D Common Stock 6707 0 D Restricted Stock Units 2024-03-20 4 M 0 6237 0 D Common Stock 6237 0 D Restricted Stock Units 2024-03-20 4 M 0 3430 0 D Common Stock 3430 3430 D Restricted Stock Units 2024-03-20 4 M 0 3570 0 D Common Stock 3570 7140 D Restricted Stock Units 2024-03-20 4 A 0 6137 0 A Common Stock 6137 6137 D Restricted Stock Units 2024-03-20 4 A 0 3069 0 A Common Stock 3069 3069 D Restricted Stock Units 2024-03-20 4 A 0 3069 0 A Common Stock 3069 3069 D Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units. Represents the vesting of one-fourth of restricted stock units granted on April 3, 2020. The award has fully vested. Each restricted stock unit converted into a share of class A common stock on a one-for-one basis. Represents the vesting of one-third of restricted stock units granted on March 22, 2021. The award has fully vested. Each restricted stock unit converted into a share of class A common stock on a one-for-one basis. Represents the cliff vesting of restricted stock units granted on March 22, 2021 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 a share of class A common stock on a one-for-one basis. Represents the cliff vesting of restricted stock units granted on June 25, 2021 subject to the achievement of performance criteria over a three-year period. Based on the level of achievement, 93% of the RSUs vested and converted into a share of class A common stock on a one-for-one basis. Represents the vesting of one-third of restricted stock units granted on March 25, 2022. The balance of the award is scheduled to vest on March 20, 2025. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis. Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The balance of the award is scheduled to vest in two equal installments of 3,570 shares on March 20, 2025 and March 20, 2026. Each restricted stock unit converts into a share of class A common stock on a one-for-one basis. The restricted stock units are scheduled to vest on March 20, 2025 (2,045 shares), March 20, 2026 (2,046 shares) and March 20, 2027 (2,046 shares). Each unit converts into a share of common stock on a one-for-one basis. The restricted stock units are scheduled to cliff vest on March 20, 2027, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2026, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis. The restricted stock units are scheduled to cliff vest on March 20, 2027, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2026, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis. /s/ James Sottile 2024-03-22