Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 149

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 15
Chunk 149
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 31, 2024$15 $8 $7 (1) Represents extinguishment of $5 million in redeemable non-controlling interest liability associated with SciPlay’s acquisition of Alictus Yazilim Anonim Şirketi in 2022, as specified financial targets for the year were not met. The gain was recorded in other income, net in our consolidated statements of operations.

(16) Stockholders’ Equity

The following reflects total stock-based compensation expense recognized under all programs:Year Ended December 31,202420232022Related to L&W stock options$— $— $1 Related to L&W RSUs110 89 56 Related to SciPlay RSUs(1)— 29 12    Total(2)$110 $118 $69 (1) Stock-based compensation expense related to SciPlay RSUs was for awards granted prior to the SciPlay Merger. Upon completion of the SciPlay Merger in 2023, these RSUs were converted to awards denominated in L&W shares.(2) The years ended December 31, 2024, 2023 and 2022 include $43 million, $63 million and $24 million, respectively, classified as liability awards. The following table sets forth the change in the number of shares of common stock outstanding during the fiscal years ended December 31, 2024 and 2023: December 31, 20242023Shares outstanding as of beginning of period90 91 Shares issued as part of equity-based compensation plans and the employee stock purchase plan (“ESPP”), net of shares surrendered1 1 Shares repurchased into treasury stock(5)(2)Shares outstanding as of end of period86 90 L&W Stock-Based and Other Incentive CompensationPursuant to our incentive stock plans, we offer stock-based compensation in the form of stock options and RSUs to employees and our non-employee directors. The terms of such stock option and RSU awards, including the vesting schedule of such awards, are determined at our discretion and subject to the terms of the applicable equity-based compensation plan. We also offer an ESPP, which allows for a total of up to 2 million shares of common stock to be purchased by eligible employees under offerings made each January 1 and July 1. Employees participate through payroll deductions up to a maximum of 15% of eligible compensation. The term of each offering period is six months,