John Wiley (WLY) Director William J. Pesce Exercises RSUs, Receives Award

What Happened
William J. Pesce, a director of John Wiley & Sons (WLY), had restricted stock units (RSUs) vest/convert and received a new annual director stock award. On 2026-09-23 he converted/exercised 3,275 RSU/derivative units into shares reported at $47.75 each (acquisition value $156,381) and the same 3,275 shares were reported disposed at $0.00 (derivative). On 2026-09-24 he was granted 2,880 shares as an annual director award valued at $48.61 each (total $139,997). The RSU conversion represents routine compensation-related vesting; the new 2,880-share award vests later per plan terms.

Key Details

• Transaction dates/prices:
  • 2026-09-23: 3,275 shares acquired at $47.75 — $156,381 (exercise/conversion, code M)
  • 2026-09-23: 3,275 shares disposed at $0.00 (derivative disposition)
  • 2026-09-24: 2,880-share award granted at $48.61 — $139,997 (derivative award, code A)
• Net effect: The vested RSUs were converted/settled (no net new shares from the 3,275 if those were surrendered); the new award adds 2,880 derivative shares that will vest later.
• Shares owned after transaction: not provided in the excerpt of the filing.
• Footnotes: F2/F3 — the 3,275 RSUs were awarded 9/25/2025 and vested as a result of this transaction; F4 — the 2,880-share annual director award vests on the earlier of the day before the next annual meeting, death/disability, or a change in control; F1 indicates 1-for-1.
• Filing timeliness: Form filed 2026-09-25 — appears timely (within typical Form 4 reporting window).

Context
The M-coded transactions reflect conversion/settlement of derivative awards (here, RSUs) rather than an open-market purchase or discretionary sale. The zero-dollar disposition commonly indicates shares were surrendered or withheld as part of the settlement process (for example, to satisfy tax withholding or other obligations), per common RSU settlement practices; the filing’s footnotes confirm these were scheduled RSU vesting and an annual director award. These transactions are routine compensation-related activity for a director, not a market buy signal.