Todd Zipper - May 2, 2022 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role
EVP & GM, Education Services
Signature
Marjorie Pierre-Merritt, Attorney-In-Fact
Stock symbol
WLY
Transactions as of
May 2, 2022
Transactions value $
-$85,456
Form type
4
Date filed
5/4/2022, 05:32 PM
Previous filing
Jun 28, 2021
Next filing
Jun 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLY Class A Common Options Exercise $0 +2.63K +100.04% $0.00 5.27K May 2, 2022 Direct
transaction WLY Class A Common Options Exercise $0 +1.75K +33.16% $0.00 7.01K May 2, 2022 Direct
transaction WLY Class A Common Tax liability -$85.5K -1.7K -24.3% $50.15 5.31K May 2, 2022 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 -1.75K -5.25% $0.00 31.5K May 2, 2022 Class A Common 1.75K $0.00 Direct F2, F3, F4
transaction WLY Restricted Stock Units Options Exercise $0 -2.63K -8.35% $0.00 28.9K May 2, 2022 Class A Common 2.63K $0.00 Direct F2, F3, F5
* 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 Restricted stock units convert into Class A common stock on a one-for-one basis.
F3 4/30/22 Vesting date was on a Saturday, therefore, transaction was processed on Monday (5/2/2022).
F4 On June 24, 2021, the reporting person was granted 6,984 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 On June 26, 2020, the reporting person was granted 10,530 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.