Christina van Tassell - 01 May 2023 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role
EVP, Chief Financial Officer
Signature
/s/ Marjorie Pierre-Merritt, Attorney-In-Fact
Issuer symbol
WLY
Transactions as of
01 May 2023
Net transactions value
-$77,834
Form type
4
Filing time
03 May 2023, 11:49:51 UTC
Previous filing
23 Nov 2022
Next filing
27 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLY Class A Common Options Exercise $0 +2,393 +36% $0.000000 9,093 01 May 2023 Direct
transaction WLY Class A Common Options Exercise $0 +2,658 +29% $0.000000 11,751 01 May 2023 Direct
transaction WLY Class A Common Tax liability $77,834 -2,037 -17% $38.21 9,714 01 May 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WLY Restricted Stock Units Options Exercise $0 -2,393 -33% $0.000000 4,786 01 May 2023 Class A Common 2,393 Direct F2, F3, F4, F5
transaction WLY Restricted Stock Units Options Exercise $0 -2,658 -25% $0.000000 7,976 01 May 2023 Class A Common 2,658 Direct F2, F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares surrendered to cover withholding tax liability due upon vesting of restricted stock units.
F2 1-for-1
F3 Vesting date of April 30, 2023 was a Sunday, therefore, the transaction was processed on the following Monday, May 1, 2023.
F4 On November 22, 2021, the reporting person was granted 9,571 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.
F5 Previously, outstanding beneficial ownership reported was the outstanding restricted stock units balance for all grants awarded. As of this filing, and on future filings, reporting of restricted stock units beneficially owned will be on an individual grant basis.
F6 On June 22, 2022, the reporting person was granted 10,634 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.