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 of restricted stock units and subsequent share withholding for tax obligations.
Summary
- On April 30, 2024, Danielle McMahan, EVP and Chief People Officer of John Wiley & Sons, reported transactions involving Class A Common stock.
- These transactions involved the vesting of restricted stock units (RSUs) granted on June 26, 2020, June 24, 2021, June 22, 2022 and June 23, 2023.
- A total of 5,442 RSUs vested on April 30, 2024.
- McMahan also surrendered 3,059 shares to cover withholding tax liabilities at a price of $37.57 per share.
- Following these transactions, McMahan directly owns 9,042 shares of Class A Common stock and holds 6,324 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document simply reports routine stock transactions related to executive compensation, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/26/2020 | Reporting person was granted 4,460 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. |
| 06/24/2021 | Reporting person was granted 3,957 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. |
| 06/22/2022 | Reporting person was granted 4,924 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. |
| 06/23/2023 | Reporting person was granted 8,431 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. |
| 04/30/2024 | Date of transaction: vesting of restricted stock units and share withholding for taxes. |
| 05/02/2024 | Date of Form 4 filing. |
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