Form 4: Christopher Caridi Receives Wiley Stock Unit Grants
Statement of Changes in Beneficial Ownership
SVP and Chief Accounting Officer Christopher Caridi was granted restricted stock units following the achievement of performance targets at John Wiley & Sons.
Summary
- Christopher Caridi, SVP and Chief Accounting Officer of John Wiley & Sons, received two grants of Restricted Stock Units (RSUs) on May 27, 2026.
- The first grant consists of 3,298 RSUs, which are scheduled to vest on June 30, 2028.
- The second grant consists of 4,319 RSUs, which are scheduled to vest on June 30, 2026.
- These units were converted from previously granted Performance Stock Units (PSUs) after the company confirmed the achievement of specific financial performance targets.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding executive compensation and internal performance target achievement, which is neutral for the stock price.
Positives
- The conversion of PSUs to RSUs indicates that the executive successfully met pre-defined financial performance targets set by the company.
Negatives
- None identified.
Risks
- The RSUs are subject to forfeiture if the reporting person does not remain with the company until the respective vesting dates.
Future Outlook
The reporting person holds these units subject to future vesting schedules, aligning executive interests with long-term shareholder value.
Industry Context
StockSavvy.ai notes that this filing reflects standard executive compensation practices where equity incentives are tied to the successful attainment of internal financial performance benchmarks, common in the publishing and education technology sectors.
Comparison to Industry Standards
- The use of 1-for-1 conversion of PSUs to RSUs upon performance target achievement is consistent with standard corporate governance practices for publicly traded companies in the U.S.
Stakeholder Impact
- Shareholders may view the achievement of performance targets as a positive indicator of management's ability to meet financial goals.
Next Steps
- Vesting of 4,319 RSUs on June 30, 2026.
- Vesting of 3,298 RSUs on June 30, 2028.
Key Dates
| Date | Description |
|---|---|
| 2023-11-02 | Original grant date of the first set of Performance Stock Units. |
| 2025-06-25 | Original grant date of the second set of Performance Stock Units. |
| 2026-05-27 | Date performance conditions were approved and PSUs converted to RSUs. |
| 2026-05-28 | Date of filing. |
| 2026-06-30 | Vesting date for the 4,319 RSU grant. |
| 2028-06-30 | Vesting date for the 3,298 RSU grant. |
Keywords
John Wiley & Sons, WLY, Insider Trading, Form 4, Restricted Stock Units, Executive Compensation
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