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

Company: Light & Wonder, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 25
---
 with his election to the Board, effective as of January 15, 2024, computed in accordance with FASB ASC Topic 718. The fair value of the stock options is estimated on the date of grant using the Black-Scholes option pricing model. For a discussion of valuation assumptions, see Note 16 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024. (3) Reflects the consulting fees for Mr. Odell and Ms. Korsanos as described above. (4) Reflects annual retainers earned by Eligible Directors for 2024, except that in the case of Mr. Regan and Ms. Vullo, the amounts are pro-rated to reflect the portion of the year the individual spent on the Board. In the case of any Eligible Director who changes committee assignments during the year, the applicable retainers are subject to a pro rata adjustment to reflect the amount of time spent on the applicable committee during the year. (5) As described above, during 2024, Mr. Odell and Ms. Korsanos did not receive any additional compensation in respect of his or her service as a director. (6) Includes an annual retainer of $20,000 in respect of Mr. Youngblood’s services as a member of the DEI Council. (7) Mr. Marchetti joined the Board effective as of January 15, 2024. (8) Mr. Regan and Ms. Vullo decided not to stand for reelection at the 2024 annual meeting of stockholders and their directorship simultaneously expired on June 5, 2024. The table below shows the number of stock options and unvested RSUs held by each of our directors as of December 31, 2024, except for (i) Mr. Wilson, whose stock options and unvested RSUs are reflected in the Outstanding Equity Awards at Fiscal Year-End Table below and (ii) Mr. Regan and Ms. Vullo, each of whom was no longer a director as of such date:

| Name                   | ​ | ​ | Stock Options(in shares) |   |            |   | ​ | ​ | RSUs |   |           |   | ​ |
| Jamie R. Odell         | ​ | ​ | ​                        | ​ | 677,933(1) | ​ | ​ | ​ | ​    | ​ | 10,943(2