Form 4: Light & Wonder Executive VP James Sottile Reports Stock Transactions
SEC Form 4 Filing
James Sottile, Executive VP, CLO & Corp Sec of Light & Wonder, Inc., reports acquisition and disposal of common stock and restricted stock units on October 1, 2024.
Summary
- On October 1, 2024, James Sottile, Executive VP, CLO & Corp Sec of Light & Wonder, Inc., reported transactions involving the company's stock.
- Sottile acquired 3,333 shares of common stock upon the vesting of restricted stock units.
- He also disposed of 1,602 shares to satisfy tax withholding obligations at a price of $90.75 per share.
- Following these transactions, Sottile beneficially owns 77,331 shares of Light & Wonder common stock and 3,334 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Future Outlook
The remaining balance of the restricted stock units award is scheduled to vest on October 1, 2025.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 10/05/2022 | Date of grant for the restricted stock units, vesting in three tranches. |
| 10/01/2024 | Date of the reported transactions: vesting of restricted stock units and sale of shares for tax obligations. |
| 10/01/2025 | Scheduled vesting date for the remaining balance of the restricted stock units award. |
| 10/02/2024 | Date of signature for the Form 4 filing. |
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