Light & Wonder (LNW) Issues Over 21 Million +CDIs

Light & Wonder Inc. issued a total of 21,861,432 +CDIs (Chess Depositary Interests) over quoted securities at the end of May 2024, representing a net increase of 2,805,333 +CDIs compared to the previous month. This change was primarily driven by net transfers of securities between +CDIs and common stock held on NASDAQ.

On the other hand, the total number of +securities at the end of May 2024 was 67,451,496, reflecting a net decrease of 3,643,181 +securities compared to the previous month. This reduction was attributed to transfers of securities between +CDIs and shares of common stock, as well as a decrease in shares of common stock repurchased by the issuer's ongoing share repurchase program. However, the decrease was partly offset by a small increase in total shares outstanding due to the vesting of the issuer's outstanding restricted stock units to shares of common stock. Following these announcements, the company's shares moved -2.2%, and are now trading at a price of $97.66. Check out the company's full 8-K submission here.

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