Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 37

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 37
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 ​           | ​ |  4,344 | ​ | ​ |
| Mr. Sottile(2) | ​ | ​ | ​                           | $ |   488,147 | ​ | ​ | ​ | ​                                                  | ​ | 91.3% | ​ | ​ | ​ | ​                                          | ​ | 68.0%  | ​ | ​ | ​ | ​           | ​ |  4,597 | ​ | ​ |
| Ms. Lane(2)    | ​ | ​ | ​                           | $ |   703,838 | ​ | ​ | ​ | ​                                                  | ​ | 98.1% | ​ | ​ | ​ | ​                                          | ​ | 91.6%  | ​ | ​ | ​ | ​           | ​ |  6,629 | ​ | ​ |

(1) The Committee determined that actual annual bonuses for NEOs would be, and in March 2025 were, paid in the form of vested shares, rounded up to the nearest whole share. Other employees received their annual bonus in fully vested shares, 50% cash and 50% fully vested shares or 100% cash, depending on level. (2) For Messrs. Wilson and Sottile and Ms. Lane, actual bonus awards are based on a blended rate to reflect the following ordinary course compensation increases during fiscal year 2024: (i) for each of Messrs. Wilson and Sottile and Ms. Lane, a 2.5% salary increase effective April 1, 2024; and (ii) in the case of Ms. Lane only, an increase in her target bonus percentage from 75% of base salary to 100% of base salary, effective April 1, 2024. Long-Term Incentive Compensation Annual Equity Awards The Company’s executive officers received annual long-term incentive compensation awards, comprised of time-vesting and time- and performance-vesting RSUs, which link their compensation to the long-term performance of the Company, align their interests with stockholders and encourage long-term service. Under the current equity award opportunity guidelines, eligible executives have a target annual equity award opportunity equal to a designated percentage of their base salary (with the actual award determined on or prior to the grant date, in the discretion of the Committee). Long-term incentive opportunities are the largest component of variable compensation for the executives, which appropriately ties a significant proportion of their compensation to the long-term performance of the