Caridi Christopher 4

What Happened

• Christopher Caridi, SVP and Chief Accounting Officer of John Wiley & Sons (WLY/WLYB), had Performance Stock Units converted and vest on June 30, 2026. The filing shows conversions/exercises of 4,319 and 905 derivative units (total 5,224 shares) acquired at $0.00 (conversion of PSUs/RSUs).
• To satisfy withholding tax on the vesting, 1,885 shares were surrendered (disposed) at $48.51 per share, totaling $91,441. The other converted shares were retained (the derivative conversion entries are non‑cash exercises).

Key Details

• Transaction date: June 30, 2026. Filing date: July 1, 2026 (timely).
• Conversion/exercise entries: 4,319 and 905 shares acquired at $0.00 (derivative conversion, code M).
• Tax withholding: 1,885 shares surrendered at $48.51 each for $91,441 (code F — shares withheld to cover taxes).
• Footnotes: PSUs granted Nov 2, 2023 were converted to Restricted Stock Units after performance targets were approved May 27, 2026; those RSUs vested on June 30, 2026. Footnote states all RSUs granted May 27, 2026 have vested.
• Reporting person’s holdings: the form notes the reporting person owns a total of 9,592 restricted stock units related to the award(s) as of this report.

Context

• Code M denotes exercise/conversion of a derivative (here, PSUs → RSUs → shares). Code F indicates shares were surrendered to cover tax withholding — a common administrative action when awards vest, not an open-market sale.
• This filing documents vesting and tax withholding rather than a discretionary market sale or purchase; it does not by itself indicate a change in insider sentiment.