Wiley (NYSE: WLY) EVP awarded performance-based Restricted Stock Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JOHN WILEY & SONS, INC. executive Andrew Weber, EVP of Technology and Operations, reported awards of Restricted Stock Units that were earned from earlier performance-based grants. On May 27, 2026, performance conditions on prior Performance Stock Units were approved and converted into Restricted Stock Units.
The filing shows one award of 11,927 Restricted Stock Units tied to Class A common stock and another of 6,631 Restricted Stock Units. According to the footnotes, the first set of units is scheduled to vest on June 30, 2026 and the second set on June 30, 2028. These units are subject to forfeiture until they vest and then convert into Class A common stock on a one-for-one basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Weber Andrew
Role
EVP, Technology and Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,631 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 11,927 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,631 shares (Direct, null)
Footnotes (1)
- 1-for-1 On November 2, 2023, the Reporting Person received a grant of Performance Stock Units ("PSUs"). Under the grant, the PSUs could be earned based on the achievement of certain financial targets. The performance conditions were approved on May 27, 2026 and converted into Restricted Stock Units scheduled to vest on June 30, 2026. Restricted Stock Units are subject to forfeiture until vested and convert into Class A common stock on a one-for-one basis. On June 25, 2025, the Reporting Person received a grant of Performance Stock Units ("PSUs"). Under the grant, the PSUs could be earned based on the achievement of certain financial targets. The performance conditions were approved on May 27, 2026 and converted into Restricted Stock Units scheduled to vest on June 30, 2028. Restricted Stock Units are subject to forfeiture until vested and convert into Class A common stock on a one-for-one basis.
Key Figures
RSU grant 1: 11,927 Restricted Stock Units
RSU grant 2: 6,631 Restricted Stock Units
Post-transaction RSU holdings 1: 11,927 units
+3 more
6 metrics
RSU grant 1
11,927 Restricted Stock Units
Award tied to Class A common; vesting June 30, 2026
RSU grant 2
6,631 Restricted Stock Units
Award tied to Class A common; vesting June 30, 2028
Post-transaction RSU holdings 1
11,927 units
Total Restricted Stock Units following first transaction
Post-transaction RSU holdings 2
6,631 units
Total Restricted Stock Units following second transaction
Conversion ratio
1-for-1
Each Restricted Stock Unit converts into one Class A common share
Transaction date
May 27, 2026
Date performance conditions approved and PSUs converted to RSUs
Key Terms
Performance Stock Units, Restricted Stock Units, Class A common stock, financial targets
4 terms
Performance Stock Units financial
"the Reporting Person received a grant of Performance Stock Units ("PSUs"). Under the grant, the PSUs could be earned based on the achievement of certain financial targets."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Restricted Stock Units financial
"converted into Restricted Stock Units scheduled to vest on June 30, 2026. Restricted Stock Units are subject to forfeiture until vested and convert into Class A common stock"
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.
Class A common stock financial
"Restricted Stock Units are subject to forfeiture until vested and convert into Class A common stock on a one-for-one basis."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
financial targets financial
"PSUs could be earned based on the achievement of certain financial targets. The performance conditions were approved on May 27, 2026"
FAQ
What insider transaction did Andrew Weber report for WLY on this Form 4?
Andrew Weber reported receiving Restricted Stock Units as compensation, not open-market trades. The awards reflect previously granted Performance Stock Units that became earned when financial targets were approved on May 27, 2026 and converted into Restricted Stock Units tied to Class A common stock.
How many Restricted Stock Units did Andrew Weber acquire in the WLY filing?
He acquired two sets of Restricted Stock Units: 11,927 units and 6,631 units. Both are linked to Class A common stock and were granted at no cash cost, reflecting performance-based compensation rather than stock purchased in the open market.
When do Andrew Weber’s reported WLY Restricted Stock Units vest?
The 11,927 Restricted Stock Units are scheduled to vest on June 30, 2026. The 6,631 Restricted Stock Units are scheduled to vest on June 30, 2028. Both remain subject to forfeiture until vesting occurs under the terms described in the filing footnotes.
What is the relationship between Performance Stock Units and Restricted Stock Units in WLY’s filing?
The filing explains that prior Performance Stock Units could be earned based on financial targets. Once performance conditions were approved on May 27, 2026, these Performance Stock Units converted into Restricted Stock Units that will vest on specific future dates and then settle in Class A common stock.
Do the reported Restricted Stock Units for WLY convert into common stock?
Yes. The Restricted Stock Units convert into Class A common stock on a one-for-one basis after vesting. Until they vest, the units are subject to forfeiture, meaning the executive must satisfy the vesting conditions to receive the underlying shares.