Caridi Christopher 4

What Happened Christopher Caridi, Senior Vice President and Chief Accounting Officer of John Wiley & Sons (WLY), received equity awards reported as derivative grants on 2026-05-27. The filing shows two awards totaling 7,617 restricted stock units (RSUs) — 3,298 RSUs and 4,319 RSUs — recorded at $0.00 in the Form 4 (code A, award/grant). These awards were PSUs that had their performance conditions approved on 2026-05-27 and were converted into RSUs that convert one-for-one into Class A common stock upon vesting.

Key Details

• Transaction date: 2026-05-27; Form 4 filed 2026-05-28 (timely filing).
• Award details: 3,298 RSUs and 4,319 RSUs; total = 7,617 RSUs; reported value $0.00 (derivative award reporting).
• Vesting schedule per footnotes:
  • 4,319 RSUs (from June 25, 2025 PSU grant) vest on June 30, 2028 after performance approval.
  • 3,298 RSUs (from Nov 2, 2023 PSU grant) vest on June 30, 2026 after performance approval.
• Conversion: RSUs convert to Class A common stock on a 1-for-1 basis and are subject to forfeiture until vested (footnotes F1–F3).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction type: Award/Grant (derivative); not a purchase or sale.

Context These were performance-based PSUs that became RSUs once the company approved the performance results on May 27, 2026. RSUs are not immediately tradable shares — they only convert to common stock if and when they vest; therefore this is an equity compensation action, not an open-market purchase or sale. For retail investors, such awards are routine executive compensation and do not by themselves indicate a buy or sell signal.