Wiley grants CFO options and RSUs
John Wiley & Sons, Inc. reported that EVP and Chief Financial Officer Craig Morrow Albright received new equity awards.
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Form Type
4
Rhea-AI Filing Summary
John Wiley & Sons, Inc. reported that EVP and Chief Financial Officer Craig Morrow Albright received new equity awards. He was granted non-qualified stock options for 20,000 Class A common shares at a premium exercise price of $50.12 per share, expiring on June 25, 2036. These options vest in tranches of 10% on June 30, 2027, 20% on June 30, 2028, 30% on June 30, 2029, and 40% on June 30, 2030, and are subject to forfeiture under grant terms. He was also granted 12,752 restricted stock units, vesting in four equal annual installments beginning on April 30 following the grant date, which are likewise subject to forfeiture.
Insider Trade Summary
Grant/Award: 32,752 shares
Grant/Award
2 txns
Insider
Albright Craig Morrow
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,752 | $0.00 | $0.00 |
| Grant/Award | Non-Qualified Stock Options (right to buy) | 20,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 12,752 contracts (Direct);
Non-Qualified Stock Options (right to buy) — 20,000 contracts (Direct)
Footnotes (4)
- F1. 1-for-1
- F2. On June 25, 2026, the reporting person was granted 12,752 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.
- F3. Non-Qualified stock options granted at a premium price of $50.12.
- F4. Non-qualified stock options to vest 10% on 6/30/2027; 20% on 6/30/2028, 30% on 6/30/2029 and 40% on 6/30/2030, and are subject to forfeiture per the terms and conditions of the grant.
Key Figures
Non-qualified stock options granted: 20,000 options
Option exercise price: $50.12 per share
Options expiration: June 25, 2036
+2 more
5 metrics
Non-qualified stock options granted
20,000 options
Grant to EVP, CFO on June 25, 2026
Option exercise price
$50.12 per share
Premium strike for Class A Common options
Options expiration
June 25, 2036
Term of non-qualified stock options
Restricted stock units granted
12,752 RSUs
Grant to EVP, CFO with four-year annual vesting
Option vesting schedule
10%, 20%, 30%, 40%
Vesting on 6/30/2027, 6/30/2028, 6/30/2029, 6/30/2030
Key Terms
Non-Qualified Stock Options, Restricted Stock Units, premium price, subject to forfeiture, +1 more
5 terms
Non-Qualified Stock Options financial
"Non-Qualified stock options granted at a premium price of $50.12."
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
Restricted Stock Units financial
"the reporting person was granted 12,752 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.
subject to forfeiture financial
"Restricted stock units are subject to forfeiture under the terms and conditions of the grant."
vest financial
"Non-qualified stock options to vest 10% on 6/30/2027; 20% on 6/30/2028, 30% on 6/30/2029 and 40% on 6/30/2030"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did WLY grant to CFO Craig Morrow Albright?
WLY granted its CFO 20,000 non-qualified stock options and 12,752 restricted stock units. The options give the right to buy Class A common shares, while the RSUs convert into shares over time as they vest.
What is the exercise price and term of the new WLY stock options?
The non-qualified stock options have a premium exercise price of $50.12 per share and expire on June 25, 2036. This means the CFO can buy shares at $50.12 if the options vest and are exercised before expiration.
How do the new WLY stock options granted to the CFO vest over time?
The options vest in stages: 10% on June 30, 2027, 20% on June 30, 2028, 30% on June 30, 2029, and 40% on June 30, 2030. This creates a long-term incentive tied to continued service and performance.
What is the vesting schedule for the 12,752 WLY restricted stock units?
The 12,752 restricted stock units vest in four equal annual installments. Vesting begins on April 30 of the first year after the grant date, with one-quarter of the units vesting each year until fully vested.
Are the WLY equity awards to the CFO subject to forfeiture?
Yes, both the non-qualified stock options and the restricted stock units are subject to forfeiture. The awards can be lost if the conditions in the grant agreements, such as continued employment or performance requirements, are not met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
