Form 4: John Wiley & Sons Executive Kevin Monaco Reports Stock Transactions
SEC Form 4 Filing
Kevin Monaco, SVP, Treasurer & Tax at John Wiley & Sons, reports the vesting and subsequent tax withholding of Class A Common stock related to restricted stock units.
Summary
- Kevin Monaco, a Senior Vice President, Treasurer & Tax at John Wiley & Sons, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On April 30, 2024, Monaco vested restricted stock units and acquired Class A Common stock.
- Simultaneously, shares were surrendered to cover withholding tax liabilities upon the vesting of these restricted stock units.
- The transactions involved the vesting of restricted stock units granted on June 26, 2020, June 24, 2021, June 22, 2022, and June 23, 2023.
- Following these transactions, Monaco directly owns 7,553 shares of Class A Common stock and 1,534 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, with no particularly positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 06/26/2020 | Reporting person was granted 1,600 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 1,114 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 1,402 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 2,045 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. |
| 04/30/2024 | Date of earliest transaction: vesting of restricted stock units and surrender of shares for tax withholding. |
| 05/02/2024 | Date of Form 4 filing. |
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