Form 4: Light & Wonder Director Michael Regan Reports Stock Vesting
SEC Form 4 Filing
Director Michael Regan reports the vesting of restricted stock units into common stock.
Summary
- On June 7, 2024, Michael J. Regan, a director of Light & Wonder, Inc., reported the vesting of 3,320 restricted stock units.
- These units converted into 3,320 shares of common stock on a one-for-one basis.
- Following the transaction, Regan directly owns 88,030 shares of Light & Wonder common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The vesting of stock units can have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/07/2023 | Date of grant for the restricted stock units that vested. |
| 06/05/2024 | Date of earliest transaction. |
| 06/07/2024 | Date of transaction and signature. |
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