Company: LAWIL
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-041831
Chunk: 78

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 78
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 1,501,132 outstanding stock options with a weighted average exercise price of $35.27 and a weighted average remaining term of 2.0 years and 1,953,087 outstanding RSUs. (2) This number represents shares available for delivery in connection with awards under the 2003 Plan at December 31, 2024.

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(3) Outstanding shares (the denominator in this calculation) include all common stock outstanding at December 31, 2024 and the potential dilution from issuance of unissued shares reserved for outstanding awards or future awards under the 2003 Plan. For additional information concerning our historical granting practices and outstanding equity-based compensation awards, see Note 16 to our consolidated financial statements included in our annual report on Form 10-K for the year ended December 31, 2024 and other information in this Proxy Statement. 2022-2024 “Burn Rate” The following table presents information on our “burn rate,” showing the rate at which equity awards have been newly granted or earned during the past three years. For this purpose, equity award usage in a given year includes (1) the number of new equity awards granted solely with service-based vesting terms plus (2) the number of performance-based equity awards as to which, in the given year, the performance conditions were satisfied.

| ​                                                         | ​ | ​ |       2022 |   |        |   |   |   |      |   |           |   | ​ | ​ |       2023 |   |   |   |   |   |      |   |           |   | ​ | ​ |       2024 |   |        |   |   |   |      |   |           |   | ​ |
| ​                                                         | ​ | ​ |    Options |   |        |   | ​ | ​ | RSUs |   |           |   | ​ | ​ |    Options |   |   |   | ​ | ​ | RSUs |   |           |   | ​ | ​ |    Options |   |        |   | ​ | ​ | RSUs |   |           |   | ​ |
| Aggregate number of equity awards reported as granted﻿(1) | ​ | ​ |          ​ | ​ | 10,000 | ​ | ​ | ​ | ​    | ​ | 1,801,798 | ​ | ​ | ​ |          ​ | ​ | — | ​ | ​ | ​