Wiley (NYSE: WLY) CEO equity awards vest with 39,092 shares delivered, 19,957 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JOHN WILEY & SONS, INC. President and CEO Matthew Kissner reported routine equity compensation activity. Previously granted Performance Stock Units had their performance conditions approved and were converted into Restricted Stock Units that vested on June 30, 2026, resulting in the delivery of 39,092 shares of Class A common stock. Of these, 19,957 shares were surrendered at $48.51 per share to cover withholding tax obligations, a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Kissner directly holds 46,883 shares of Class A common stock and a total of 142,691 restricted stock units across grants as of this report.
Positive
- None.
Negative
- None.
Insider Trade Summary
39,092 shares exercised/converted
Mixed
3 txns
Insider
Kissner Matthew
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 39,092 | $0.00 | -- |
| Exercise | Class A Common | 39,092 | $0.00 | -- |
| Tax Withholding | Class A Common | 19,957 | $48.51 | $968K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common — 66,840 shares (Direct, null)
Footnotes (1)
- Represents shares surrendered to cover withholding tax liability due upon vesting of restricted stock units. 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. As a result of this transaction, all restricted stock units granted on May 27, 2026 have vested. Total amount reported represents securities owned related solely to this particular grant or award. Reporting person owns a total of 142,691 restricted stock units as of this report.
Key Figures
Shares from RSU vesting: 39,092 shares
Shares surrendered for taxes: 19,957 shares
Price for tax withholding: $48.51 per share
+2 more
5 metrics
Shares from RSU vesting
39,092 shares
Class A common from vested restricted stock units on June 30, 2026
Shares surrendered for taxes
19,957 shares
Surrendered at $48.51 per share to cover withholding tax liability
Price for tax withholding
$48.51 per share
Value used for shares surrendered to satisfy tax obligations
Shares held after transaction
46,883 shares
Direct holdings of Class A common stock following reported transactions
Restricted stock units held
142,691 RSUs
Total restricted stock units owned as of this report
Key Terms
Restricted Stock Units, Performance Stock Units, withholding tax liability, derivative security
4 terms
Restricted Stock Units financial
"Restricted Stock Units are subject to forfeiture until vested and convert into Class A common stock on a one-for-one basis."
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.
Performance Stock Units financial
"On November 2, 2023, the Reporting Person received a grant of Performance Stock Units ("PSUs")."
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.
withholding tax liability financial
"Represents shares surrendered to cover withholding tax liability due upon vesting of restricted stock units."
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did WLY President and CEO Matthew Kissner report?
Matthew Kissner reported vesting of equity awards that delivered 39,092 Class A shares, plus a related tax-withholding share surrender. These actions stem from previously granted Performance Stock Units converted into Restricted Stock Units that vested on June 30, 2026 and are compensation-related, not open-market trading.
Were the transactions in this WLY Form 4 open-market buys or sells?
No open-market buys or sells are reported. The filing shows a derivative exercise as restricted stock units converted into 39,092 Class A shares and a related tax-withholding disposition of 19,957 shares surrendered to satisfy withholding tax obligations triggered by the vesting event.
What is the background of the WLY Performance Stock Units mentioned in the footnotes?
On November 2, 2023, Matthew Kissner received Performance Stock Units that could be earned based on financial targets. Performance conditions were approved on May 27, 2026, and the units converted into Restricted Stock Units scheduled to vest on June 30, 2026, then into Class A common stock.