Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 82

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 82
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 or SARs previously granted under the A&R 2003 Plan or other equity plans in a transaction that constitutes a “repricing”. For this purpose, a “repricing” means amending the terms of an option or SAR after it is granted to lower its exercise price, any other action that is treated as a repricing under generally accepted accounting principles or repurchasing for cash or canceling an option or SAR at a time when its exercise or base price is equal to or greater than the fair market value of the underlying stock, in exchange for another option (including on a delayed basis), restricted stock or other equity, unless the cancellation and exchange occurs in connection with a merger, acquisition, spin-off or other similar corporate transaction. Adjustments to the exercise price or number of shares subject to an option to reflect the effects of a stock split or other extraordinary corporate transaction will not constitute a “repricing”. Shares Available under the A&R 2003 Plan. The number of shares subject to outstanding awards at April 11, 2025 was 3,393,272 and the number of shares remaining available for future awards at that date under the 2003 Plan was 2,846,927, for a total of 6,230,199 shares. Shares that are subject to awards under the A&R 2003 Plan that expire, terminate or are cancelled or forfeited or settled in cash, and shares that are shares tendered by a participant or withheld by the Company as full or partial payment of the exercise price or satisfaction of tax obligations relating to an option or SAR or shares subject to a SAR in excess of the number delivered upon exercise of the SAR will not be available for other awards under the A&R 2003 Plan withheld in satisfaction of tax obligations relating to any award, will not be deemed to be deliverable or delivered and therefore will be available for other awards under the A&R 2003 Plan. Under the A&R 2003 Plan, shares repurchased in the open market with the proceeds from the exercise of an option do not become available for awards. Awards may be outstanding relating to a greater number of shares than the aggregate remaining available under the A&R 2003 Plan so long as the Compensation Committee ensures that awards will not result in delivery and vesting of shares in excess of the 62 TABLE OF CONTENTS number then available under the A&R 2003 Plan. Shares delivered under the A&R 2003 Plan may be either newly issued or treasury shares. All shares available for issuance under