Company: LAWIL
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0000750004-25-000016
Chunk: 61

Company: Light & Wonder, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 5
Chunk 61
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ITEM 5.    MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market for our Common Stock

Our outstanding common stock is listed for trading on the Nasdaq Global Select Market and as CDIs for trading on the ASX under the ticker symbol “LNW.”

On February 18, 2025, the closing sale price for our common stock on the Nasdaq Global Select Market was $101.64 per share, and the closing sale price for our common stock listed as CDIs on the ASX was AU$153.71 per share. There were 523 holders of record of our common stock as of February 18, 2025. This does not include the number of stockholders who hold shares of our common stock through banks, brokers or other financial institutions.

Dividend Policy

We have never paid any cash dividends on our common stock and do not presently intend to pay cash dividends on common stock in the foreseeable future. Further, under the terms of certain of our debt agreements, we are limited in our ability to pay cash dividends or make certain other restricted payments (other than stock dividends) on our common stock. 

Issuer Purchases of Equity Securities

We repurchased 2.6 million shares under the share repurchase program during the three months ended December 31, 2024.

(in millions, except for price per share)ISSUER PURCHASES OF EQUITY SECURITIESPeriodTotal Number of Shares Purchased as Part of Publicly Announced ProgramAverage Price Paid per Share(1)Total Cost of Repurchase(1)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program(1)10/1/2024 - 10/31/20240.4 $93.64 $36 $920 11/1/2024 - 11/30/20241.2 $95.41 115 $805 12/1/2024 - 12/31/20241.0 $92.73 92 $713 Total2.6 $94.11 $243 $713 (1) Average price paid per share is calculated on a settlement basis and excludes excise tax. As of January 1, 2023, our share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction