Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 42

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 42
---
 taxes, until the ownership requirements are met.

| Job Level                                                                       | ​ | ​ | Minimum Required Ownership Interest | ​ |
| President and Chief Executive Officer                                           | ​ | ​ | 5x annual base salary               | ​ |
| Chief Financial Officer and Group Chief Executives                              | ​ | ​ | 2x annual base salary               | ​ |
| Other Executive Officers Reporting to the President and Chief Executive Officer | ​ | ​ | 1x annual base salary               | ​ |

29

TABLE OF CONTENTS

The following table summarizes the ownership of our named executive officers against these guidelines as of December 31, 2024. All of our named executive officers are in compliance with our guidelines.

| Name        | ​ | ​ | Ownership Requirement(

# of Shares Based onMultiple of Salary) |   |        |   | ​ | ​ | Ownership(# of Shares/ Units) |   |         |   | ​ |
| Mr. Wilson  | ​ | ​ | ​                                                             | ​ | 67,752 | ​ | ​ | ​ | ​                             | ​ | 197,658 | ​ | ​ |
| Mr. Chow    | ​ | ​ | ​                                                             | ​ | 12,711 | ​ | ​ | ​ | ​                             | ​ |  14,361 | ​ | ​ |
| Mr. Sottile | ​ | ​ | ​                                                             | ​ |  7,296 | ​ | ​ | ​ | ​                             | ​ |  97,372 | ​ | ​ |
| Ms. Lane    | ​ | ​ | ​                                                             | ​ | 15,635 | ​ | ​ | ​ | ​                             | ​ |  39,822 | ​ | ​ |

Clawback Policies We maintain a clawback policy that requires us to, in connection with a restatement, recoup certain erroneously awarded excess compensation in compliance with NASDAQ listing requirements. In addition, the Committee and the Board have also adopted a cash and equity compensation “clawback” policy. Under this additional policy, the Committee may, in its discretion, take any one or more of the following actions in the event of a restatement of our financial statements that the Committee determines was due to an executive’s fraud or gross misconduct: • cancel the executive’s outstanding incentive compensation awards (defined as annual cash bonus and equity compensation, whether or not vested); • disqualify the executive from receiving future incentive compensation awards; • recoup incentive compensation paid or awarded to the