Form 4: John Wiley & Sons Executive Danielle McMahan Reports Stock Transactions
SEC Form 4 Filing
Danielle McMahan, EVP and Chief People Officer at John Wiley & Sons, reports the vesting and subsequent tax withholding of Class A Common stock.
Summary
- On July 1, 2024, Danielle McMahan, EVP and Chief People Officer of John Wiley & Sons, reported transactions involving Class A Common stock.
- 5,046 shares vested from Restricted Stock Units, which had been granted as Performance Stock Units on May 29, 2024.
- 2,792 shares were surrendered to cover withholding tax liability at a price of $40.69 per share.
- Following these transactions, McMahan directly owns 11,296 shares of Class A Common stock.
- All restricted stock units granted on May 29, 2024, have now vested.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions. The vesting of shares is generally a positive sign, but the tax withholding is a neutral event.
Positives
- The vesting of restricted stock units indicates a positive evaluation of the executive's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and tax withholding practices are standard across publicly traded companies.
- Similar filings are regularly made by executives at companies like Pearson, Cengage, and McGraw Hill, which are direct competitors of John Wiley & Sons in the education and publishing industry.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
- The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Performance Stock Units settled and were granted as Restricted Stock Units. |
| June 30, 2024 | Scheduled vesting date of the Restricted Stock Units (occurred on July 1 due to the date falling on a Sunday). |
| July 1, 2024 | Vesting of 5,046 shares of Class A Common stock and surrender of 2,792 shares for tax withholding. |
| July 2, 2024 | Date of the Form 4 filing. |
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