Wiley (WLY) CEO exercises RSUs and surrenders shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JOHN WILEY & SONS, INC. President and CEO Matthew Kissner reported compensation-related equity transactions in Class A Common stock. On April 30, 2026, he exercised restricted stock units that delivered a total of 21,180 Class A Common shares, recorded as derivative exercises.
On the same date, 10,814 shares were surrendered to cover withholding tax liabilities upon RSU vesting, a non-market disposition at an indicated price of $40.93 per share. Footnotes state that he was granted 20,028, 27,192, and 37,503 restricted stock units in prior years and that he holds 46,731 restricted stock units as of this report.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,180 shares exercised/converted
Mixed
7 txns
Insider
Kissner Matthew
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,007 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,798 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,375 | $0.00 | -- |
| Exercise | Class A Common | 5,007 | $0.00 | -- |
| Exercise | Class A Common | 6,798 | $0.00 | -- |
| Exercise | Class A Common | 9,375 | $0.00 | -- |
| Tax Withholding | Class A Common | 10,814 | $40.93 | $443K |
Holdings After Transaction:
Restricted Stock Units — 5,007 shares (Direct, null);
Class A Common — 22,389 shares (Direct, null)
Footnotes (1)
- Represents shares surrendered to cover withholding tax liability due upon vesting of restricted stock units. 1-for-1 On October 10, 2023, the reporting person was granted 20,028 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. Restricted stock units are subject to forfeiture under the terms and conditions of the grant. Total amount reported represents securities owned related solely to this particular grant or award. Reporting person owns a total of 46,731 restricted stock units as of this report. On July 15, 2024, the reporting person was granted 27,192 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. Restricted stock units are subject to forfeiture under the terms and conditions of the grant. On June 25, 2025, the reporting person was granted 37,503 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. Restricted stock units are subject to forfeiture under the terms and conditions of the grant.
Key Figures
Shares surrendered for tax withholding: 10,814 shares at $40.93
Shares from derivative exercises: 21,180 shares
RSUs held as of report: 46,731 restricted stock units
+3 more
6 metrics
Shares surrendered for tax withholding
10,814 shares at $40.93
Class A Common surrendered to cover RSU tax liability on April 30, 2026
Shares from derivative exercises
21,180 shares
Total Class A Common delivered from RSU exercises (exerciseShares field)
RSUs held as of report
46,731 restricted stock units
Total RSUs owned by reporting person as stated in footnote
RSU grant October 10, 2023
20,028 restricted stock units
Grant vesting in four equal annual installments beginning April 30 after grant
RSU grant July 15, 2024
27,192 restricted stock units
Grant vesting in four equal annual installments beginning April 30 after grant
RSU grant June 25, 2025
37,503 restricted stock units
Grant vesting in four equal annual installments beginning April 30 after grant
Key Terms
Restricted Stock Units, tax-withholding disposition, 1-for-1, vesting in four equal annual installments
4 terms
Restricted Stock Units financial
"On October 10, 2023, the reporting person was granted 20,028 restricted stock units, vesting in four equal annual installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Represents shares surrendered to cover withholding tax liability due upon vesting of restricted stock units."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
1-for-1 financial
"1-for-1"
vesting in four equal annual installments financial
"vesting in four equal annual installments, beginning on April 30th of each year after grant."
FAQ
What insider transactions did WLY President and CEO Matthew Kissner report?
Matthew Kissner reported derivative exercises and a tax-withholding disposition on April 30, 2026. He exercised restricted stock units into 21,180 Class A Common shares and surrendered 10,814 shares to cover withholding taxes, according to the Form 4 filing for JOHN WILEY & SONS, INC. (WLY).
Was the WLY CEO’s Form 4 transaction an open-market stock sale?
The Form 4 for WLY shows no open-market sale. Instead, 10,814 shares of Class A Common were surrendered to pay withholding tax upon RSU vesting, classified as a tax-withholding disposition rather than a discretionary sale into the market.
How many restricted stock units does the WLY CEO hold after these transactions?
A footnote in the WLY Form 4 states Matthew Kissner owns 46,731 restricted stock units as of this report. That total reflects securities related to multiple RSU grants and is separate from the Class A Common shares received or surrendered on April 30, 2026.
What RSU grants to the WLY CEO are referenced in the Form 4 footnotes?
Footnotes describe three RSU grants to the WLY CEO: 20,028 units granted October 10, 2023; 27,192 units granted July 15, 2024; and 37,503 units granted June 25, 2025. Each grant vests in four equal annual installments beginning April 30 after the grant date.