Brian A. Napack - 01 May 2023 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role
President & CEO, Director
Signature
/s/ Marjorie Pierre-Merritt, Attorney-In-Fact
Issuer symbol
WLY
Transactions as of
01 May 2023
Net transactions value
-$398,912
Form type
4
Filing time
03 May 2023, 12:20:40 UTC
Previous filing
01 Jul 2022
Next filing
05 Jul 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 +7,220 +5.6% $0.000000 136,505 01 May 2023 Direct
transaction WLY Class A Common Options Exercise $0 +8,424 +6.2% $0.000000 144,929 01 May 2023 Direct
transaction WLY Class A Common Options Exercise $0 +5,916 +4.1% $0.000000 150,845 01 May 2023 Direct
transaction WLY Class A Common Options Exercise $0 +7,771 +5.2% $0.000000 158,616 01 May 2023 Direct
transaction WLY Class A Common Tax liability $398,912 -10,440 -6.6% $38.21 148,176 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 -7,220 -100% $0.000000* 0 01 May 2023 Class A Common 7,220 Direct F2, F3, F4, F5, F6
transaction WLY Restricted Stock Units Options Exercise $0 -8,424 -50% $0.000000 8,425 01 May 2023 Class A Common 8,424 Direct F2, F3, F5, F7
transaction WLY Restricted Stock Units Options Exercise $0 -5,916 -33% $0.000000 11,833 01 May 2023 Class A Common 5,916 Direct F2, F3, F5, F8
transaction WLY Restricted Stock Units Options Exercise $0 -7,771 -25% $0.000000 23,313 01 May 2023 Class A Common 7,771 Direct F2, F3, F5, F9
* 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 June 27, 2019, the reporting person was granted 28,878 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 As a result of this transaction, all restricted stock units for the June 27, 2019 grant have vested.
F7 On June 26, 2020, the reporting person was granted 33,697 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.
F8 On June 24, 2021, the reporting person was granted 23,665 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.
F9 On June 22, 2022, the reporting person was granted 31,084 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.