Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 43

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 43
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 executive from and after the date that is one year before the events giving rise to the restatement were discovered; and/or • recoup the executive’s gains from the sale of shares awarded as incentive compensation or the exercise of stock options from and after the date that is one year before the events giving rise to the restatement were discovered. No Hedging and No Pledging Policies The Committee also approved a policy prohibiting employees, officers and directors from hedging or engaging in similar transactions or arrangements designed to protect against declines in the market price of our securities (including the securities of the Company’s affiliates) and a policy prohibiting employees, officers and directors from holding the Company’s securities in a margin account or pledging the Company’s securities as collateral for a loan. In particular, employees, officers and directors may not: • purchase or sell options ( e.g. , puts, calls and collars) relating to our securities; • purchase or sell other derivative securities designed to hedge or offset any decrease in the market value of our securities; • engage in short sales of the Company’s securities, including a “sale against the box”; • have standing orders regarding the Company’s securities unless used only for a very brief period of time, except for purchases and sales under a Rule 10b5-1 trading plan that is approved by the Company’s Chief Legal Officer; • hold the Company’s securities in a margin account; or • pledge the Company’s securities as collateral for a loan. Peer Group As a general matter, the Committee uses compensation data derived from a peer group of companies as a general indicator of relevant market conditions for both executives’ and non-employee directors’ compensation, but does not set specific benchmark targets for total executive or non-employee director compensation or for individual elements of executive or non-employee director compensation.

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TABLE OF CONTENTS

In 2023, the Committee, in consultation with its independent consultant, CAP, approved a peer group of 15 companies for fiscal year 2023, which the Committee deemed appropriate to continue using when determining 2024 compensation. The peer group is composed of the following companies:

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 AppLovin Corporation       
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 International Game Technology PLC   
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 Aristocrat Leisure Limited 
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 Match Group                         
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 Bally’s Corporation        
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 PENN Entertainment, Inc