Albright Craig Morrow 4

What Happened

• Craig M. Albright, Chief Financial Officer of John Wiley & Sons (WLY/WLYB), had 2,714 restricted stock units (RSUs) vest and converted them into common shares on April 30, 2026 (conversion price $0 because these were RSUs).
• To satisfy withholding tax obligations, 1,241 of the newly issued shares were surrendered at $40.93 per share, totaling $50,794. After the withholding, Albright retained a net 1,473 shares.

Key Details

• Transaction date: April 30, 2026; Form 4 filed May 4, 2026.
• Conversion: 2,714 RSUs converted to common stock (coded M — exercise/conversion of derivative) at $0 per share.
• Withholding: 1,241 shares surrendered (coded F) at $40.93 per share = $50,794 to cover taxes.
• Net new shares received: 1,473 (2,714 − 1,241).
• Footnotes: F1 indicates shares were surrendered to cover withholding tax; F2 shows a 1-for-1 conversion; F3 states the RSUs were part of a 10,856 RSU grant (6/26/2025) vesting in four equal annual installments beginning Apr 30 after grant.
• Shares owned after the transaction: not specified in the provided filing text.

Context

• This was an RSU vesting/conversion event, not an open-market purchase or discretionary sale. Surrendering shares to cover taxes is a routine administrative step (a form of cashless settlement) and does not necessarily indicate the insider is reducing exposure beyond required withholding.
• The filing records conversion and withholding; it does not reflect a market sale for investment proceeds.