Form 4: CEO Matthew Kissner Receives Wiley Stock Units
Statement of Changes in Beneficial Ownership
John Wiley & Sons CEO Matthew Kissner was granted restricted stock units following the achievement of performance targets.
Summary
- CEO Matthew Kissner received two grants of Restricted Stock Units (RSUs) totaling 94,784 shares.
- The grants represent the conversion of previously issued Performance Stock Units (PSUs) after performance conditions were met.
- 39,092 units are scheduled to vest on June 30, 2026.
- 55,692 units are scheduled to vest on June 30, 2028.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing confirming that the CEO met pre-established performance targets.
Positives
- Conversion of PSUs indicates that the company successfully met specific financial performance targets.
- Alignment of executive compensation with long-term shareholder interests through equity-based incentives.
Negatives
- None identified in this filing.
Risks
- RSUs are subject to forfeiture until the respective vesting dates.
Future Outlook
The CEO holds equity interests that vest in 2026 and 2028, signaling continued leadership tenure and long-term commitment to the company's performance.
Management Comments
- The filing confirms that performance conditions were approved on May 27, 2026, triggering the conversion of PSUs to RSUs.
Industry Context
StockSavvy.ai notes that executive equity conversions based on performance milestones are standard practice in the publishing and education technology sectors to ensure management remains incentivized toward achieving long-term financial goals.
Comparison to Industry Standards
- The use of 1-for-1 conversion of PSUs to RSUs upon performance achievement is consistent with standard corporate governance practices for S&P 400/600 companies.
- Vesting schedules extending to 2028 align with industry norms for executive retention.
Stakeholder Impact
- Shareholders may view the achievement of performance targets as a positive indicator of management's ability to execute on financial goals.
Next Steps
- Vesting of 39,092 units on June 30, 2026.
- Vesting of 55,692 units on June 30, 2028.
Key Dates
| Date | Description |
|---|---|
| 2023-11-02 | Initial grant date of the first set of Performance Stock Units. |
| 2025-06-26 | Initial grant date of the second set of Performance Stock Units. |
| 2026-05-27 | Date performance conditions were approved and PSUs converted to RSUs. |
| 2026-06-30 | Vesting date for the 39,092 RSU grant. |
| 2028-06-30 | Vesting date for the 55,692 RSU grant. |
Keywords
John Wiley & Sons, WLY, Executive Compensation, Form 4, Insider Trading, Restricted Stock Units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.