Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 76

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 76
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56 TABLE OF CONTENTS Independent compensation consulting firm. The Compensation Committee benefits from its utilization of an independent compensation consulting firm, which provides no other services to the Company. The “Compensation Discussion and Analysis” section above provides a more detailed discussion of our executive compensation program. Stockholders are being asked to vote on the following resolution: RESOLVED, that the stockholders of Light & Wonder, Inc. approve the compensation of the Company’s named executive officers for 2024, as disclosed under SEC rules, including as disclosed in the Compensation Discussion and Analysis, the compensation tables and related materials included in the Company’s 2025 Proxy Statement. This advisory vote on executive compensation is not binding on the Board or the Compensation Committee. However, the Board and/or Compensation Committee will take into account the result of the vote when determining future executive compensation arrangements. THE BOARD RECOMMENDS A VOTE “FOR” THIS PROPOSAL TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF THE COMPANY’S NAMED EXECUTIVE OFFICERS 57

TABLE OF CONTENTS

Proposal 3
Approval of an Amendment and Restatement of the Company’s 2003 Incentive Compensation Plan (As Amended And Restated To Date) Introduction We are seeking stockholder approval of an amendment and restatement of the 2003 Plan (the “A&R 2003 Plan”), which was approved by the Board of Directors on April 29, 2025. The amendment and restatement will increase the number of shares reserved under the 2003 Plan by 2,300,000 shares. The amendment and restatement of the 2003 Plan also reflects updates to remove provisions that are no longer relevant or to align with market practice (e.g., eliminate certain share recycling provisions). The proposed amendment and restatement of the 2003 Plan will not change the terms of any outstanding awards under the 2003 Plan. The Board and Compensation Committee believe that the A&R 2003 Plan will continue to help us: • attract, retain, incentivize and reward executives, employees, directors and other persons who provide services to us and our subsidiaries; • provide for equitable and competitive compensation opportunities to participants; • encourage long-term service by participants; • recognize individual contributions and reward achievement of our goals; and • promote the creation of long-term value for the Company by closely aligning the interests of participants with those of our stockholders. The Board and the Compensation Committee believe that awards linked to common stock and awards with