Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 54

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 54
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 These AEBITDA RSUs are scheduled to vest on March 20, 2026, subject to the Company’s achievement by December 31, 2025 of an RSU AEBITDA target. (8) These RSUs are scheduled to vest in three annual installments beginning on March 20, 2025. (9) These TSR RSUs are scheduled to vest on March 20, 2027, subject to the Company’s achievement by December 31, 2026 of a total shareholder return performance condition target relative to the S&P 400. (10) These AEBITDA RSUs are scheduled to vest on March 20, 2027, subject to the Company’s achievement by December 31, 2026 of an RSU AEBITDA target. 39

TABLE OF CONTENTS (11) These RSUs are part of a grant that was awarded with a three-year vesting schedule. The first and second installments vested on November 14, 2023 and 2024. The RSUs shown in the table are scheduled to vest on November 14, 2025. (12) These RSUs are part of a grant that was awarded with a three-year vesting schedule. The first installment vested on August 25, 2024. The RSUs shown in the table are scheduled to vest in two annual installments beginning on August 25, 2025. (13) These stock options were awarded with a four-year vesting schedule. All options have vested. (14) These stock options were scheduled to become exercisable in four annual installments beginning on March 20, 2019, subject to the 60-trading day average closing price of the Company’s common stock meeting or exceeding 120% of the strike price of the stock options prior to March 20, 2022. The stock price hurdle has been achieved, and therefore all options have vested. (15) These stock options were scheduled to become exercisable in four annual installments beginning on March 20, 2020, subject to the Company’s achievement of a performance goal, which was modified as a result of the impact of the COVID-19 pandemic. In early 2021, the Committee determined that the performance goal was achieved and therefore all options have vested. (16) These RSUs are part of a grant that was awarded with a three-year vesting schedule. The first and second installments vested on October 1, 202