SEC Form 4 · accession 0000950157-26-001028
Light & Wonder, Inc. · ASX:LNW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew R. Wilson
Officer — President & CEO
Period of report
Sep 15, 2026
Accepted (ET)
Sep 17, 2026 · 6:51 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000750004
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3,F1 | — | Sep 15, 2026 | A | 22,416 | A | — | — | Common Stock | 22,416 | 22,416 | D |
| Restricted Stock UnitsF2,F3,F4 | — | Sep 15, 2026 | A | 11,208 | A | — | — | Common Stock | 11,208 | 11,208 | D |
| Restricted Stock UnitsF2,F3,F5 | — | Sep 15, 2026 | A | 11,208 | A | — | — | Common Stock | 11,208 | 11,208 | D |
Explanation of responses
- F1The restricted stock units ("RSUs") are scheduled to vest in three equal installments on March 4, 2027, 2028 and 2029. Each unit converts into a share of common stock on a one-for-one basis.
- F2The CHESS Depositary Interests ("CDIs") issuable to Mr. Wilson upon vesting of the RSUs will be acquired through on-market purchases, which falls within an exception to the stockholder approval requirement under Australian Securities Exchange Listing Rule 10.14. Notwithstanding the availability of that exception, the Issuer sought stockholder approval of the grant of RSUs to Mr. Wilson at the 2026 Annual Meeting of Stockholders in the interests of transparency and good corporate governance. (continued in footnote 3 to this Form 4)
- F3(continued from footnote 2 to this Form 4) In furtherance of such interests, the Issuer notes that the 2026 Definitive Proxy Statement provided that the number of RSUs granted to Mr. Wilson would be equal to $4,077,450 divided by the grant date fair value at March 4, 2026, but inadvertently reported this number as 37,644 RSUs (consisting of 18,822 time-vesting RSUs and 18,822 performance-based RSUs ("PSUs")) instead of the correct number of 44,832 RSUs (consisting of 22,416 time-vesting RSUs and 22,416 PSUs), as reported above.
- F4The PSUs 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 PSUs are forfeited. Each unit converts into a share of common stock on a one-for-one basis.
- F5The PSUs 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 PSUs are forfeited. Each unit converts into a share of common stock on a one-for-one basis.