Form 4: Wiley Executive Aref Matin Reports Stock Transactions

EVP and Chief Technology Officer of John Wiley & Sons, Aref Matin, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On July 1, 2024, Aref Matin, EVP and Chief Technology Officer of John Wiley & Sons, Inc., reported transactions involving Class A Common stock.
• 9,638 shares were acquired upon the vesting of restricted stock units at a price of $0.
• 4,408 shares were disposed of to cover withholding tax liabilities at a price of $40.69 per share.
• Following these transactions, Matin directly owns 40,273 shares of Class A Common stock.
• The restricted stock units, which settled from Performance Stock Units granted on May 29, 2024, vested on July 1, 2024, due to the scheduled vesting date of June 30, 2024, falling on a Sunday.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects routine transactions related to executive compensation. The vesting of stock units is generally a positive sign, but the tax withholding is a standard procedure.

Positives

• The vesting of restricted stock units indicates that performance metrics were likely met, which is a positive signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.

Key Dates