Form 4: Light & Wonder CEO Matthew Wilson Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Light & Wonder's CEO, Matthew Wilson, reports the acquisition and disposal of common stock due to the vesting of restricted stock units (RSUs) and subsequent tax withholding.
Summary
- On March 20, 2025, Matthew Wilson, the President & CEO of Light & Wonder, Inc., engaged in multiple transactions involving the company's common stock.
- These transactions primarily involved the vesting of restricted stock units (RSUs) and the subsequent disposal of shares to cover tax withholding obligations.
- Wilson acquired shares through the vesting of RSUs granted on various dates, including March 25, 2022, March 24, 2023 and March 20, 2024.
- A portion of the newly vested shares was then disposed of to satisfy tax liabilities at a price of $102.85 and $104.99 per share.
- Following these transactions, Wilson directly owns 162,943 shares of Light & Wonder common stock.
- The vesting of RSUs was based on time-based criteria and the achievement of performance criteria over a three-year period.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of RSUs indicates that Wilson has met certain performance or time-based milestones set by the company.
- The transactions reflect Wilson's continued holding of a significant number of Light & Wonder shares, aligning his interests with those of shareholders.
Future Outlook
The balance of the award granted on March 24, 2023, is scheduled to vest on March 20, 2026. The balance of the award granted on March 20, 2024, is scheduled to vest in two substantially equal installments on March 20, 2026 (6,513 shares) and March 20, 2027 (6,514 shares).
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily relate to executive compensation and tax obligations.
- The disclosure provides transparency to shareholders regarding executive equity ownership.
Key Dates
| Date | Description |
|---|---|
| 03/25/2022 | Date of grant for one-third of restricted stock units that vested. |
| 03/20/2022 | Date of grant for performance-based restricted stock units that vested. |
| 03/24/2023 | Date of grant for one-third of restricted stock units that vested. |
| 03/20/2024 | Date of grant for one-third of restricted stock units that vested. |
| 03/20/2025 | Date of transactions: vesting of RSUs and disposal of shares for tax withholding. |
| 03/20/2026 | Scheduled vesting date for remaining RSUs granted on March 24, 2023. |
| 03/20/2026 | Scheduled vesting date for remaining RSUs granted on March 20, 2024 (6,513 shares). |
| 03/20/2027 | Scheduled vesting date for remaining RSUs granted on March 20, 2024 (6,514 shares). |
Keywords
Light & Wonder, Matthew Wilson, RSU, Restricted Stock Units, Common Stock, Vesting, Tax Withholding, Form 4, Insider Trading
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