Light & Wonder (ASX:LNW) CEO RSUs vest; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Light & Wonder, Inc. reported routine equity compensation activity for President & CEO Matthew R. Wilson as restricted stock units vested and converted into common stock. On March 20, 2026 he acquired 51,978 shares of common stock through the exercise or conversion of restricted stock units, each on a one-for-one basis.
To satisfy tax withholding obligations on these vestings, 20,454 shares of common stock were disposed of at a price of $78.61 per share, with the shares delivered rather than sold in the open market. Following these transactions, Wilson directly owned 198,272 shares of common stock, which are held via CHESS Depositary Interests on the Australian Securities Exchange, with each CDI representing one fully paid share.
Positive
- None.
Negative
- None.
Insider Trade Summary
51,978 shares exercised/converted
Mixed
12 txns
Insider
Wilson Matthew R.
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,367 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,513 | $0.00 | -- |
| Exercise | Restricted Stock Units | 17,049 | $0.00 | -- |
| Exercise | Restricted Stock Units | 17,049 | $0.00 | -- |
| Exercise | Common Stock | 11,367 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,473 | $78.61 | $352K |
| Exercise | Common Stock | 6,513 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,563 | $78.61 | $201K |
| Exercise | Common Stock | 17,049 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,709 | $78.61 | $527K |
| Exercise | Common Stock | 17,049 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,709 | $78.61 | $527K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 178,115 shares (Direct)
Footnotes (1)
- Shares are held via 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 $0.7023 USD. Represents the vesting of one-third of restricted stock units granted on March 24, 2023. The award has fully vested. Each restricted stock 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 20, 2024. The balance of the award is scheduled to vest on March 20, 2027. Each restricted stock unit converts into a share of common stock on a one-for-one basis. Represents the cliff vesting of restricted stock units granted on March 24, 2023, 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 shares of common stock on a one-for-one basis. Represents the cliff vesting of restricted stock units granted on March 24, 2023, 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 shares of common stock on a one-for-one basis.
FAQ
What types of restricted stock units vested for the Light & Wonder (LNW) CEO?
The filing describes both time-based and performance-based restricted stock units vesting for the CEO. Portions of awards granted in March 2023 and March 2024 vested, with performance-based tranches achieving 100% of their targets and converting into shares of common stock on a one-for-one basis.