Form 4: Light & Wonder Director Michael Regan Reports Stock Unit Vesting
SEC Form 4 Filing
Director Michael J. Regan reports the vesting of restricted stock units into common stock of Light & Wonder, Inc.
Summary
- On June 10, 2024, Michael J. Regan, a director of Light & Wonder, Inc., reported the vesting of 2,093 restricted stock units.
- These units converted into 2,093 shares of common stock on a one-for-one basis.
- Following the transaction, Regan beneficially owns 90,123 shares of Light & Wonder common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock unit vesting, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of stock units has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/10/2020 | Date of grant for the restricted stock units, vesting of which is reported on 06/10/2024 |
| 06/10/2024 | Date of transaction: Vesting of 2,093 restricted stock units and conversion to common stock. |
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