Form 4: Danielle McMahan Receives Wiley Stock Unit Grants
Statement of Changes in Beneficial Ownership
EVP and Chief People Officer Danielle McMahan was granted restricted stock units following the achievement of performance targets.
Summary
- Danielle McMahan, EVP and Chief People Officer at John Wiley & Sons, Inc., received two grants of Restricted Stock Units (RSUs).
- The first grant consists of 15,810 units, which originated from Performance Stock Units (PSUs) granted on November 2, 2023, and are scheduled to vest on June 30, 2026.
- The second grant consists of 11,373 units, which originated from PSUs granted on June 25, 2025, and are scheduled to vest on June 30, 2028.
- Both grants were finalized following the approval of performance conditions on May 27, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding executive compensation, reflecting the fulfillment of previously established performance incentives.
Positives
- The conversion of performance-based units into restricted stock indicates the successful achievement of pre-defined financial targets by the executive.
Negatives
- None identified.
Risks
- The RSUs are subject to forfeiture until the respective vesting dates of June 30, 2026, and June 30, 2028.
Future Outlook
The executive holds these units subject to continued employment and vesting schedules through June 2028.
Industry Context
StockSavvy.ai notes that this filing reflects standard executive compensation practices where performance-based equity awards are converted to restricted stock upon the successful attainment of corporate financial milestones.
Comparison to Industry Standards
- The use of performance-based equity vesting is consistent with standard corporate governance practices for S&P 400/600 companies.
- The 1-for-1 conversion ratio is standard for RSU compensation structures.
Stakeholder Impact
- Shareholders may view the achievement of performance targets as a positive indicator of management's alignment with company financial goals.
Next Steps
- Vesting of 15,810 units on June 30, 2026.
- Vesting of 11,373 units on June 30, 2028.
Key Dates
| Date | Description |
|---|---|
| 2023-11-02 | Initial grant date of the first set of Performance Stock Units. |
| 2025-06-25 | Initial grant date of the second set of Performance Stock Units. |
| 2026-05-27 | Date performance conditions were approved and RSUs were granted. |
| 2026-06-30 | Vesting date for the first set of 15,810 RSUs. |
| 2028-06-30 | Vesting date for the second set of 11,373 RSUs. |
Keywords
John Wiley & Sons, WLY, WLYB, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation
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