Form 4: Light & Wonder Director Timothy Throsby Reports Stock Transactions
SEC Form 4 Filing
Director Timothy Throsby reports acquisition and disposal of Light & Wonder, Inc. stock and restricted stock units.
Summary
- On June 7, 2024, Timothy Throsby, a director of Light & Wonder, Inc., reported transactions involving the company's stock.
- Throsby acquired 3,320 shares of common stock upon the vesting of restricted stock units.
- Throsby disposed of 3,320 shares of common stock.
- Following these transactions, Throsby directly owns 19,923 shares of Light & Wonder, Inc.
- Additionally, Throsby acquired 2,159 restricted stock units on June 5, 2024, which are scheduled to vest on the earlier of the company's 2025 annual meeting or June 5, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of acquisition of 2,159 restricted stock units. |
| 06/07/2024 | Date of common stock acquisition and disposal due to vesting of restricted stock units. |
| 06/07/2024 | Date of Form 4 filing. |
| June 5, 2025 | Potential vesting date of restricted stock units. |
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