Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 33

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 33
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| Matthew Wilson | ​ | ​ | ​              | $ | 1,300,000 | ​ | ​ | ​ | ​              | $ | 1,332,500 | ​ | ​ | ​ | ​                | ​ | 2.5% | ​ | ​ |
| Oliver Chow    | ​ | ​ | ​              | $ |   625,000 | ​ | ​ | ​ | ​              | $ |   625,000 | ​ | ​ | ​ | ​                | ​ | —    | ​ | ​ |
| James Sottile  | ​ | ​ | ​              | $ |   700,000 | ​ | ​ | ​ | ​              | $ |   717,500 | ​ | ​ | ​ | ​                | ​ | 2.5% | ​ | ​ |
| Siobhan Lane   | ​ | ​ | ​              | $ |   750,000 | ​ | ​ | ​ | ​              | $ |   768,750 | ​ | ​ | ​ | ​                | ​ | 2.5% | ​ | ​ |

Annual Incentive Compensation The Committee reviews the design of the LWICP each year with a view to realizing desired corporate objectives and in light of management’s recommendation as to financial targets and payout structure. In recent years, this review has focused on structuring an annual bonus payout scale that the Committee deems appropriate in light of our growth objectives, our commitment to pay down debt and our interest in managing incentive compensation costs. For 2024, the Committee approved an annual bonus payout structure under which achievement of targeted financial performance would generally result in the payout of the executive officer’s target bonus opportunity. Achievement of 85% or 130% or greater of financial targets would result in payouts of 25% and 200%, respectively, of an executive’s target bonus opportunity with respect to that metric. Achievement of below 85% of a financial target would result in no payout with respect to that metric. For 2024, annual bonuses under the LWICP for our executives with Company-wide responsibilities were earned based on the Company’s performance, relative to pre-determined financial targets based on LWICP Revenue and LWICP AEBITDA, each measured on a consolidated basis. For executives who oversee a business segment, annual bonuses were determined based on a combination of overall Company metrics, with LWICP Revenue and LW