Form 4: Light & Wonder Director Stephen Morro Reports Stock Transactions
SEC Form 4 Filing
Director Stephen W. Morro reports acquisition and disposal of Light & Wonder, Inc. stock and restricted stock units.
Summary
- Stephen W. Morro, a director of Light & Wonder, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On June 7, 2024, Morro converted 3,320 restricted stock units into common stock.
- These restricted stock units, granted on June 7, 2023, had fully vested.
- Also on June 7, 2024, Morro disposed of 3,320 shares of common stock.
- On June 5, 2024, Morro acquired 2,159 restricted stock units which are scheduled to vest on the earlier of (a) the date of the issuer's 2025 annual meeting of stockholders and (b) June 5, 2025.
- Following these transactions, Morro directly owns 2,159 restricted stock units and 10,256 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Acquisition of 2,159 restricted stock units. |
| 06/07/2023 | Date restricted stock units were granted that vested on June 7, 2024. |
| 06/07/2024 | Conversion of 3,320 restricted stock units to common stock and disposal of 3,320 shares. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.