Wiley (NYSE: WLY) EVP and General Counsel receives performance-based RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JOHN WILEY & SONS, INC. executive Deirdre P. Silver, EVP and General Counsel, reported two equity compensation grants tied to prior performance awards. On May 27, 2026, 10,223 Performance Stock Units granted on November 2, 2023 were converted into Restricted Stock Units scheduled to vest on June 30, 2026.
On the same date, 14,171 Performance Stock Units granted on June 25, 2025 were converted into Restricted Stock Units scheduled to vest on June 30, 2028. Each Restricted Stock Unit converts into one share of Class A common stock if it vests and is not forfeited.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Silver Deirdre P.
Role
EVP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 14,171 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 10,223 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 14,171 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
RSUs from 2023 PSU grant: 10,223 units
RSUs from 2025 PSU grant: 14,171 units
Conversion ratio: 1-for-1
+1 more
4 metrics
RSUs from 2023 PSU grant
10,223 units
Converted to Restricted Stock Units on May 27, 2026; vest June 30, 2026
RSUs from 2025 PSU grant
14,171 units
Converted to Restricted Stock Units on May 27, 2026; vest June 30, 2028
Conversion ratio
1-for-1
Each Restricted Stock Unit converts into one share of Class A common stock
Performance approval date
May 27, 2026
Financial performance conditions for 2023 and 2025 PSUs approved
Key Terms
Performance Stock Units, Restricted Stock Units, financial targets, Class A common stock
4 terms
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.
Restricted Stock Units financial
"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 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.
financial targets financial
"Under the grant, the PSUs could be earned based on the achievement of certain financial targets."
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.
FAQ
What insider transaction did WLY report for Deirdre P. Silver on May 27, 2026?
WLY reported that EVP and General Counsel Deirdre P. Silver acquired two blocks of Restricted Stock Units on May 27, 2026, following the approval of performance conditions on earlier Performance Stock Unit grants from 2023 and 2025.
How many Restricted Stock Units did Deirdre P. Silver receive in the latest WLY Form 4?
Deirdre P. Silver received 10,223 Restricted Stock Units from a 2023 grant and 14,171 Restricted Stock Units from a 2025 grant. Both awards arose after performance conditions were approved on May 27, 2026 and were converted from Performance Stock Units.
When do Deirdre P. Silver’s new WLY Restricted Stock Units vest?
The 10,223 Restricted Stock Units from the November 2, 2023 Performance Stock Unit grant are scheduled to vest on June 30, 2026. The 14,171 units from the June 25, 2025 grant are scheduled to vest on June 30, 2028, subject to forfeiture conditions.
What is the conversion ratio for WLY Restricted Stock Units reported in this Form 4?
Each Restricted Stock Unit converts into one share of WLY Class A common stock on a one-for-one basis if it vests. The units remain subject to forfeiture until vesting, consistent with standard equity compensation design.
Were the WLY Performance Stock Units subject to financial performance targets?
Yes. The Performance Stock Units granted on November 2, 2023 and June 25, 2025 could be earned based on achieving specified financial targets. Those performance conditions were approved on May 27, 2026, triggering conversion of earned PSUs into Restricted Stock Units.