Form 4: Light & Wonder Director Hamish McLennan Executes Stock Options and Sells Shares
SEC Form 4
Director Hamish McLennan exercised stock options and sold shares of Light & Wonder, Inc. on February 28, 2025.
Summary
- On February 28, 2025, Hamish McLennan, a director of Light & Wonder, Inc., exercised stock options to acquire 5,000 shares of common stock at a price of $34.12 per share.
- Simultaneously, McLennan sold 5,000 shares of common stock at a price of $110.58 per share.
- Following these transactions, McLennan directly owns 29,623 shares of Light & Wonder common stock.
- McLennan also indirectly owns 5,000 shares through the Linyanti Holdings Pty Limited ATF McLennan Superannuation Fund and 9,750 shares through the Londolozi Pty Limited ATF Londolozi Family Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- Shareholders are informed about the director's transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 11/11/2021 | First vesting date of stock options in four equal installments. |
| 11/11/2022 | Second vesting date of stock options in four equal installments. |
| 11/11/2023 | Third vesting date of stock options in four equal installments. |
| 11/11/2024 | Fourth vesting date of stock options in four equal installments. |
| 02/28/2025 | Date of stock option exercise and share sale. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
| 11/11/2030 | Expiration date of the stock options. |
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