Form 4: Light & Wonder CFO Oliver Chow Reports Stock Transactions

Oliver Chow, EVP, CFO & Treasurer of Light & Wonder, Inc., reported the vesting of restricted stock units, subsequent tax withholding, and sales of common stock on March 6th and 7th, 2024.

Summary

• Oliver Chow, the EVP, CFO & Treasurer of Light & Wonder, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 6, 2024, 2,160 restricted stock units vested and converted into common stock.
• Also on March 6, 2024, 887 shares were disposed of to satisfy tax withholding obligations at a price of $99.47 per share.
• On March 7, 2024, Mr. Chow sold 1,273 shares of common stock at a price of $101.19 per share.
• Following these transactions, Mr. Chow directly owns 1,517 shares of common stock and 2,160 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The transactions are unlikely to significantly impact employees, customers, suppliers, or creditors.

Key Dates