Director Throsby Timothy bought 20,000 shares of LNW for $1.8M at blended avg $89.37; part of 3-insider cluster buy.
Director Throsby Timothy executed 3 separate purchases totaling 20,000 shares for $1,787,311.46 at an average price of $89.37, increasing his post-transaction holdings to 42,082 shares from 22,082 shares — a 90.6% increase in his position. This purchase occurs as part of a broader cluster pattern, with 3 other insiders also buying within the past 14 days, suggesting coordinated confidence in the company's valuation. The stock currently trades at $88.21, down 10.0% over 30 days and 21.7% from its 52-week high of $112.68, creating a context where the insider is acquiring shares in a near-term weakened period. Light & Wonder's fundamentals show solid performance: $809.0M quarterly revenue, $95.0M net income, 9.9% annual revenue growth, and a P/E of 15.84, suggesting the company is not in distress and the shares are not at distressed valuations.