Form 4: Kevin Monaco Receives Wiley Stock Unit Conversion
Statement of Changes in Beneficial Ownership
SVP Kevin Monaco converted performance-based stock units into restricted stock units following the achievement of financial targets.
Summary
- Kevin Monaco, SVP, Treasurer & Tax at John Wiley & Sons, Inc., had performance-based stock units (PSUs) converted into restricted stock units (RSUs).
- A total of 3,835 RSUs were granted following the approval of performance conditions on May 27, 2026, related to a November 2023 grant.
- A total of 2,685 RSUs were granted following the approval of performance conditions on May 27, 2026, related to a June 2025 grant.
- The RSUs are subject to forfeiture until they vest.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding executive compensation that does not signal a change in company strategy or financial health.
Positives
- The conversion indicates that the company successfully met specific financial performance targets associated with the original PSU grants.
Negatives
- None identified.
Risks
- The RSUs remain subject to forfeiture until the specified vesting dates of June 30, 2026, and June 30, 2028.
Future Outlook
The RSUs are scheduled to vest on June 30, 2026, and June 30, 2028, respectively, at which point they will convert into Class A common stock.
Industry Context
StockSavvy.ai notes that this is a routine executive compensation disclosure reflecting the achievement of internal performance milestones, which is standard practice for publicly traded companies to align executive incentives with shareholder value.
Comparison to Industry Standards
- The use of performance-based equity grants is a standard industry practice for retaining senior executives in the publishing and education technology sectors.
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 3,835 RSUs on June 30, 2026.
- Vesting of 2,685 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 first set of RSUs. |
| 2028-06-30 | Vesting date for the second set of RSUs. |
Keywords
John Wiley & Sons, WLY, Insider Trading, Form 4, Stock Units, Executive Compensation
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