Form 4: Wiley & Sons CEO Matthew Kissner Awarded Restricted Stock Units

Matthew Kissner, President and CEO of John Wiley & Sons, Inc., was granted 27,192 restricted stock units on July 15, 2024, vesting in equal annual installments over four years.

Summary

• On July 15, 2024, Matthew Kissner, the President and CEO of John Wiley & Sons, Inc., received a grant of 27,192 restricted stock units.
• These restricted stock units will vest in four equal annual installments, starting on April 30th of each year following the grant date.
• The restricted stock units are subject to forfeiture based on the terms and conditions of the grant.

Sentiment

Score: 7

Explanation: The document indicates a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of restricted stock units aligns the CEO's interests with those of the shareholders, incentivizing long-term performance.
• The vesting schedule encourages continued service and commitment from the CEO over the next four years.

Risks

• The restricted stock units are subject to forfeiture, which could occur if the CEO does not meet the terms and conditions of the grant.
• The value of the restricted stock units is tied to the performance of John Wiley & Sons, Inc.'s stock, which is subject to market fluctuations.

Future Outlook

The grant of restricted stock units suggests an expectation of continued leadership and performance from the CEO.

Industry Context

Executive compensation packages often include restricted stock units to align management's interests with shareholder value and encourage long-term growth.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units as a positive sign, aligning management's interests with long-term company performance.
• Employees may see this as a sign of stability and continued leadership.

Key Dates