Company: LAWIL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000750004-25-000048
Chunk: 47

Company: Light & Wonder, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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)— (25)Stock-based compensation— 14 — — — 14 Net income— — 82 — — 82 Other comprehensive loss— — — — (23)(23)March 31, 2024$1 $1,154 $762 $(776)$(306)$835 Vesting of RSUs, net of tax withholdings and other— 1 — — — 1 Purchase of treasury stock— — — (151)— (151)Stock-based compensation— 20 — — — 20 Net income— — 82 — — 82 Other comprehensive loss— — — — (1)(1)June 30, 2024$1 $1,175 $844 $(927)$(307)$786 Stock-based CompensationFor the three and six months ended June 30, 2025, we recognized $31 million and $59 million, respectively, in total stock-based compensation expense under all programs. These amounts include $17 million and $27 million of stock-based compensation classified as liability awards for the three and six months ended June 30, 2025, respectively. For the three and six 

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months ended June 30, 2024, we recognized $31 million and $53 million, respectively, in total stock-based compensation expense under all programs. These amounts include $11 million and $19 million of stock-based compensation classified as liability awards for the three and six months ended June 30, 2024, respectively.Restricted Stock UnitsA summary of the changes in RSUs outstanding under our equity-based compensation plans during the six months ended June 30, 2025 is presented below:Number of Restricted Stock UnitsWeighted Average Grant Date Fair ValueUnvested RSUs as of December 31, 20242.0 $75.49 Granted1.1 $105.28 Vested(1.1)$84.91 Cancelled(0.1)$78.32 Unvested RSUs as of June 30, 20251.9 $87.45 The weighted-average grant date fair value of RSUs granted during the six months ended June 30, 2025 and 2024 was $105.28 and $99.57, respectively. The fair value of each RSU grant is based on the market