Form 4: Light & Wonder Director Maria Vullo Reports Stock Unit Vesting
SEC Form 4 Filing
Director Maria Vullo reports the vesting of restricted stock units into common stock of Light & Wonder, Inc.
Summary
- On June 10, 2024, Maria T. Vullo, a director of Light & Wonder, Inc., reported a transaction involving restricted stock units.
- 2,093 restricted stock units vested and converted into an equal number of common stock shares.
- Following the transaction, Ms. Vullo directly owns 16,202 shares of Light & Wonder common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, simply reporting a routine vesting of stock units. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/10/2020 | Date of grant for the restricted stock units, one-fourth of which vested on June 10, 2024. |
| 06/10/2024 | Date of transaction: Vesting of 2,093 restricted stock units and conversion to common stock; Form 4 filing date. |
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