Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 27

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 27
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 to own the number of shares of our common stock equal to at least five times the director’s annual retainer divided by the preceding 200-day average closing price of such shares. Shares of our common stock held directly or indirectly, including shares acquired upon the exercise of stock options, shares held within retirement and deferred compensation plans, time-vesting RSUs to be settled in shares and shares owned by immediate family members, count for purposes of the guidelines, whereas outstanding (vested or unvested) stock options and performance-conditioned RSUs do not. Each covered director has five years to comply from the date the director became subject to the policy. At present, all of our covered directors are in compliance with the ownership guidelines. Mr. Marchetti (who joined the Board in January 2024) will have until January 2029 to satisfy the required level of ownership. 18

TABLE OF CONTENTS

Security Ownership The following table sets forth certain information as to the security ownership of each person known to us to be the beneficial owner of more than five percent of the outstanding shares of our common stock, each of our directors and director nominees, each of our named executive officers and all of our directors and executive officers as a group. The number of shares and the percentages of beneficial ownership set forth below are calculated as of April 11, 2025, unless otherwise noted, based on outstanding shares of 84,836,055. Except as otherwise indicated, the stockholders listed in the table below have sole voting and investment power with respect to the shares indicated.

| Name and Address of Beneficial Owner                                                                  | ​ | ​ | Number(1) |   |              |   | ​ | ​ | Percent(1) |   |       |   | ​ |
| The Vanguard Group100 Vanguard Blvd.Malvern, PA 19355                                                 | ​ | ​ | ​         | ​ | 9,128,510(2) | ​ | ​ | ​ | ​          | ​ | 10.8% | ​ | ​ |
| BlackRock, Inc.55 East 52nd StreetNew York, New York 10055                                            | ​ | ​ | ​         | ​ | 8,488,734(3) | ​ | ​ | ​ | ​          | ​ | 10.0% | ​ | ​ |
| Caledonia (Private) Investments Pty LimitedLevel 10, 131 Macquarie StreetSydney, NSW, 2000, Australia | ​ | ​