Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 64

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 64
---
 ​ | ​ | ​                    | ​ | — | ​ | ​ | ​ | ​                    | ​ | — | ​ | ​ | ​ | ​                                        | $ |     3,834,497 | ​ | ​ | ​ | ​                                                                | $ |    6,433,838 | ​ | ​ | ​ | ​                       | $ |    5,471,624 | ​ | ​ | ​ | ​                           | $ |    4,036,624 | ​ | ​ |

(a) Either a change in control for purposes of the 2003 Plan or a termination without cause or for good reason upon or within 18 months following a change in control for purposes of the CIC Plan. Mr. Sottile’s employment agreement does not provide for enhanced severance in the event of a change in control. (b) Paid over 12 months. (c) Amount reflects 18 months of base salary. Paid in a lump sum upon termination if permitted under Section 409A of the Internal Revenue Code, otherwise paid over 12 months. This amount will only be payable in the event of a termination in connection with a change in control for purposes of the CIC Plan. (d) Amount reflects Severance Bonus Amount. Amount shown is 2024 target bonus. (e) Amount reflects one and a half times Severance Bonus Amount, which is based on 2024 target bonus. Paid in a lump sum upon termination if permitted under Section 409A of the Internal Revenue Code, otherwise paid over 12 months. This amount will be reduced to 12 months of base salary in the event of a change in control for purposes of the 2003 Plan that is not a change in control for purposes of the CIC Plan. (f) Amount reflects pro rata bonus that would have been received for the year of termination (amount shown is actual 2024 bonus). Paid in a lump sum. (g) Amount reflects (i) the cost of continued health coverage under the Company’s insurance under COBRA for 12 months or 18 months if the termination is without cause or for good reason upon or within 18 months following a change in control for purposes of the CIC Plan or (ii) in the event of termination due to death, proceeds from life insurance for which the Company pays the premiums. (h) In the case of a termination without cause or for good reason, absent a change in control, reflects continued vesting of outstanding equity awards held by Mr