Company: LAWIL
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0000750004-25-000031
Chunk: 18

Company: Light & Wonder, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part II, Item 2
Chunk 18
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

We repurchased 1.9 million shares under the share repurchase programs during the three months ended March 31, 2025.

(in millions, except for price per share)ISSUER PURCHASES OF EQUITY SECURITIESPeriodTotal Number of SharesPurchased as Part ofPublicly AnnouncedProgramsAverage Price Paid per Share(1)Total Cost of Repurchase (in millions)(1)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs (in millions)(1)1/1/2025 - 1/31/20251.2 $87.58 $106 $607 2/1/2025 - 2/28/20250.7 $92.43 60 $547 3/1/2025 - 3/31/2025— $109.83 — $547 Total1.9 $87.37 $166 $547 (1) Average price paid per share is calculated on a settlement basis and excludes excise tax. As of January 1, 2023, our share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act, resulting in $1 million recorded as of March 31, 2025. Any excise tax incurred is recognized in stockholders’ equity as part of the cost basis of the shares acquired. 

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Insider Trading Arrangements and Policies

Certain of our officers or directors have made elections to participate in, and are participating in, our 401(k) plan and have made, and may from time to time make, elections to have shares withheld to cover withholding taxes, which may be designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act or may constitute non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K). During the three months ended March 31, 2025, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" as such term is defined in Item 408(a) of Regulation S-K.

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Item 6. Exhibits