Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 21

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 21
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 fundamental principles of integrity and business ethics and is intended to ensure ethical decision making in the conduct of professional responsibilities. Among the areas addressed by the Code are standards concerning conflicts of interest, confidential information and compliance with laws, regulations and policies, including the Company’s work environment and human rights. The full text of the Code can be accessed through the Investors — Governance link on our website at www.lnw.com . 14 TABLE OF CONTENTS Director Compensation The compensation paid to each of our directors in 2024 is described below, other than the compensation of Matthew Wilson, our President and Chief Executive Officer, who also served on the Board during 2024, and whose compensation is disclosed in the section entitled “Executive Compensation”. Non-Employee Director Compensation . The compensation program for Eligible Directors (as defined below) consists of annual retainers and equity awards (the “Eligible Director compensation program”). In 2024, under the Eligible Director compensation program, Eligible Directors were entitled to receive: (1) an annual retainer for service on the Board of $90,000; (2) an annual retainer for service on a committee of $10,000 (or $15,000, in the case of the Audit Committee); (3) an annual retainer for the chair of the Audit Committee of $35,000; (4) an annual retainer for the chairs of the Compensation Committee and the Compliance Committee, in each case, of $25,000; (5) an annual retainer for the chair of the Nominating and Corporate Governance Committee of $20,000; (6) an annual retainer of $35,000 for the Lead Independent Director; and (7) an annual grant of restricted stock units (“RSUs”) with a grant date value of $210,000, vesting on the first anniversary of the grant date, provided the Eligible Director satisfied the Board’s attendance requirement for the prior calendar year, as discussed below. An Eligible Director may elect to receive all or a portion of his or her cash retainers in the form of shares instead of cash. In 2024, none of the Eligible Directors elected to receive shares in lieu of their cash retainers. New Eligible Directors generally receive stock options for 10,000 shares of our common stock (with a four-year vesting schedule), in lieu of the annual grant of RSUs, upon joining the Board. Such award is intended to provide additional compensation over the course of the first four years a director