Caridi Christopher 4
Research Summary
AI-generated summary
John Wiley (WLY) SVP Christopher Caridi Receives RSU Award
What Happened
Christopher Caridi, Senior Vice President and Chief Accounting Officer of John Wiley & Sons (WLY), was granted 2,054 restricted stock units (RSUs) on June 25, 2026. The Form 4 records the award as a derivative acquisition at $0.00 (no cash exchanged) and classifies the transaction as an award/grant (code A).
Key Details
- Transaction date: 2026-06-25; Form filed: 2026-06-26 (timely filing).
- Security: 2,054 restricted stock units (derivative RSUs) recorded at $0.00.
- Vesting: RSUs vest in four equal annual installments, beginning April 30 following the grant year; units are subject to forfeiture under grant terms (footnote F2).
- Conversion: 1-for-1 conversion to shares on settlement (footnote F1).
- Shares owned following transaction: Not specified in the provided excerpt.
- No 10b5-1 plan, tax-withholding sale, or cashless exercise is indicated in this filing.
Context
This was an equity award (compensation), not an open-market purchase or sale. RSU grants are routine executive compensation and do not by themselves signal a buy or sell intent; they simply represent future share compensation subject to vesting conditions. As reported, these are derivative securities that will convert to ordinary shares on vesting (1-for-1).