Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 39

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 39
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03/20/2024 | ​ | ​ | ​ | ​                   | ​ |  5,479 | ​ | ​ | ​ | ​           | ​ | 2,740 | ​ | ​ | ​ | ​              | ​ | 2,740 | ​ | ​ |
| Mr. Sottile | ​ | ​ | ​              | ​ | 03/20/2024 | ​ | ​ | ​ | ​                   | ​ |  6,137 | ​ | ​ | ​ | ​           | ​ | 3,069 | ​ | ​ | ​ | ​              | ​ | 3,069 | ​ | ​ |
| Ms. Lane    | ​ | ​ | ​              | ​ | 03/20/2024 | ​ | ​ | ​ | ​                   | ​ |  7,514 | ​ | ​ | ​ | ​           | ​ | 3,758 | ​ | ​ | ​ | ​              | ​ | 3,758 | ​ | ​ |

(1) Awards vest in three annual installments beginning on March 20, 2025. (2) Awards vest on March 20, 2027 contingent on achievement of performance conditions by December 31, 2026. Vesting will be between 50% and 100% of the target number of awards if at least threshold performance is achieved, otherwise the awards will be forfeited. The number of awards shown in the table is based on target performance. Other Equity Awards On November 20, 2024, in recognition of Ms. Lane’s outstanding performance and years of service with the Company, the Committee granted 21,905 performance-conditioned RSUs to Ms. Lane with a grant date value of $2,000,000. This award is intended to incentivize multi-year performance specifically in our Gaming business and will vest on March 31, 2028, subject to Ms. Lane’s continued employment through such date and achievement of specified Gaming segment revenue (50% of the RSUs) or AEBITDA (50% of the RSUs) targets measured over each of fiscal year 2025, 2026 and 2027. Vesting will be between 25% and 100% of the target number of awards if at least threshold performance is achieved, otherwise the award is forfeited. Performance Achievement for 2022 – 2024 Performance-Conditioned RSUs In early 2025, the Committee determined the level