0000950157-25-000204.txt : 20250307 0000950157-25-000204.hdr.sgml : 20250307 20250307203336 ACCESSION NUMBER: 0000950157-25-000204 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250305 FILED AS OF DATE: 20250307 DATE AS OF CHANGE: 20250307 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Chow Oliver CENTRAL INDEX KEY: 0001991805 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11693 FILM NUMBER: 25721873 MAIL ADDRESS: STREET 1: 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 2025-03-05 0000750004 Light & Wonder, Inc. LNW 0001991805 Chow Oliver C/O LIGHT & WONDER, INC. 6601 BERMUDA ROAD LAS VEGAS NV 89119 true EVP, CFO & Treas false Common Stock 2025-03-05 4 M 0 4344 0 A 8039 D Common Stock 2025-03-05 4 F 0 1749 106.19 D 6290 D Common Stock 2025-03-07 4 S 0 2595 104.94 D 3695 D Restricted Stock Units 2025-03-05 4 A 0 4344 0 A Common Stock 4344 4344 D Restricted Stock Units 2025-03-05 4 M 0 4344 0 D Common Stock 4344 0 D Restricted Stock Units 2025-03-05 4 A 0 5885 0 A Common Stock 5885 5885 D Restricted Stock Units 2025-03-05 4 A 0 2942 0 A Common Stock 2942 2942 D Restricted Stock Units 2025-03-05 4 A 0 2942 0 A Common Stock 2942 2942 D Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units. The transaction was executed at a price of $104.94. Represents restricted stock units granted pursuant to a determination by the Compensation Committee of the Board of Directors of the issuer as payment in respect of the annual bonus earned by the reporting person with respect to 2024. The number of units was determined by dividing the dollar value of the bonus earned, based on actual performance for 2024, by the average of the high and low prices of the common stock on the day preceding the grant date. Since the restricted stock units are payment in respect of the 2024 bonus, they are subject to immediate vesting. Each unit converts into a share of common stock on a one-for-one basis. The restricted stock units are scheduled to vest in three equal installments on March 5, 2026, 2027 and 2028. The restricted stock units are scheduled to cliff vest on March 5, 2028, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2027, 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 5, 2028, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2027, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis. /s/ James Sottile, attorney-in-fact for Oliver Chow 2025-03-07