0000950157-26-000247.txt : 20260306 0000950157-26-000247.hdr.sgml : 20260306 20260306212403 ACCESSION NUMBER: 0000950157-26-000247 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20260304 FILED AS OF DATE: 20260306 DATE AS OF CHANGE: 20260306 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: 26733003 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 EIN: 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 2026-03-04 0000750004 Light & Wonder, Inc. ASX:LNW 0001991805 Chow Oliver LIGHT & WONDER, INC. 6601 BERMUDA ROAD LAS VEGAS NV 89119 true EVP, CFO & Treas false Common Stock 2026-03-04 4 M 0 5144 0 A 12126 D Common Stock 2026-03-04 4 F 0 2025 91.05 D 10101 D Common Stock 2026-03-05 4 M 0 1961 0 A 12062 D Common Stock 2026-03-05 4 F 0 772 92.62 D 11290 D Common Stock 2026-03-05 4 S 0 5144 90.22 D 6146 D Restricted Stock Units 2026-03-04 4 A 0 5144 0 A Common Stock 5144 5144 D Restricted Stock Units 2026-03-04 4 M 0 5144 0 D Common Stock 5144 0 D Restricted Stock Units 2026-03-04 4 A 0 7147 0 A Common Stock 7147 7147 D Restricted Stock Units 2026-03-04 4 A 0 3573 0 A Common Stock 3573 3573 D Restricted Stock Units 2026-03-04 4 A 0 3573 0 A Common Stock 3573 3573 D Restricted Stock Units 2026-03-05 4 M 0 1961 0 D Common Stock 1961 3924 D Shares are held in CHESS Depositary Interests ("CDIs"), which are units of beneficial ownership in shares of common stock of the Company that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depositary Nominees Pty. Limited, a subsidiary of ASX Limited, the company that operates the ASX. Each CDI represents one fully paid share of common stock. Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7093 USD. Represents the satisfaction of tax withholding obligations upon the vesting of restricted stock units. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7075 USD. The transaction was executed in multiple trades at prices ranging from $89.31 to $89.38. The price reported above reflects the weighted average sale price. Details regarding aggregated sale transactions will be provided upon request by the Commission staff, the issuer or a security holder of the issuer. Price converted from Australian Dollars into U.S. Dollars based on an exchange rate of $1 AUD to $0.7075 USD. 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 2025. The number of units was determined by dividing the dollar value of the bonus earned, based on actual performance for 2025, by the average of the high and low prices of the CDIs on the day preceding the grant date. Since the restricted stock units are payment in respect of the 2025 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 4, 2027, 2028 and 2029. The restricted stock units are scheduled to cliff vest on March 4, 2029, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2028, 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 4, 2029, contingent upon the achievement of a performance goal. If the performance goal is not met by December 31, 2028, all restricted stock units are forfeited. Each unit converts into a share of common stock on a one-for-one basis. Represents the vesting of one-third of restricted stock units granted on March 5, 2025. The balance of the award is scheduled to vest in two equal installments of 1,962 shares on March 5, 2027 and March 5, 2028. Each restricted stock unit converts into a share of common stock on a one-for-one basis. /s/ Sweta Gabhawala, attorney-in-fact for Oliver Chow 2026-03-06