Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 40

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
43 43 March 31, 2025$1 $1,226 $1,098 $(1,383)$(322)$620 (1) Includes excise taxes of $1 million for three months ended March 31, 2025Three Months Ended March 31, 2024 Common StockAdditional Paid in CapitalRetained EarningsTreasury StockAccumulated Other Comprehensive LossTotalJanuary 1, 2024$1 $1,118 $680 $(751)$(283)$765 Settlement of liability awards— 65 — — — 65 Vesting of RSUs, net of tax withholding and other— (43)— — — (43)Purchase of treasury stock— — — (25)— (25)Stock-based compensation— 14 — — — 14 Net income— — 82 — — 82 Other comprehensive loss— — — — (23)(23)March 31, 2024$1 $1,154 $762 $(776)$(306)$835 Stock-based CompensationFor the three months ended March 31, 2025 and 2024, we recognized $27 million and $22 million, respectively, in total stock-based compensation expense under all programs. These amounts include $9 million and $8 million of stock-based compensation classified as liability awards for the three months ended March 31, 2025, and 2024, respectively.Restricted Stock UnitsA summary of the changes in RSUs outstanding under our equity-based compensation plans during the three months ended March 31, 2025 is presented below:Number of Restricted Stock UnitsWeighted Average Grant Date Fair ValueUnvested RSUs as of December 31, 20242.0 $75.49 Granted1.0 $106.48 Vested(1.0)$84.82 Cancelled(0.1)$75.94 Unvested RSUs as of March 31, 20251.9 $87.32 The weighted-average grant date fair value of RSUs granted during the three months ended March 31, 2025 and 2024 was $106.48 and $99.65, respectively. The fair value of each RSU grant is based on the market value of our common stock at 

21

the time of grant. As of