Christina Van Tassell - May 1, 2023 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role
EVP, Chief Financial Officer
Signature
/s/ Marjorie Pierre-Merritt, Attorney-In-Fact
Stock symbol
WLY
Transactions as of
May 1, 2023
Transactions value $
-$77,834
Form type
4
Date filed
5/3/2023, 11:49 AM
Previous filing
Nov 23, 2022
Next filing
Jun 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLY Class A Common Options Exercise $0 +2.39K +35.72% $0.00 9.09K May 1, 2023 Direct
transaction WLY Class A Common Options Exercise $0 +2.66K +29.23% $0.00 11.8K May 1, 2023 Direct
transaction WLY Class A Common Tax liability -$77.8K -2.04K -17.33% $38.21 9.71K May 1, 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 -2.39K -33.33% $0.00 4.79K May 1, 2023 Class A Common 2.39K Direct F2, F3, F4, F5
transaction WLY Restricted Stock Units Options Exercise $0 -2.66K -25% $0.00 7.98K May 1, 2023 Class A Common 2.66K 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.