Form 4: Wiley & Sons CEO Matthew Kissner Reports Stock Transactions
SEC Form 4 Filing
Matthew Kissner, President and CEO of John Wiley & Sons, reports acquisition and disposal of Class A Common stock and vesting of restricted stock units.
Summary
- On April 30, 2025, Matthew Kissner, the President and CEO of John Wiley & Sons, reported transactions involving the company's Class A Common stock.
- He acquired 5,007 shares and 6,798 shares of Class A Common stock upon vesting of restricted stock units.
- He disposed of 6,028 shares to cover withholding tax liability.
- Following these transactions, Kissner directly owns 17,382 shares of Class A Common stock.
- He also indirectly owns 16,550 shares through an IRA and 3,161 shares through his spouse's revocable trust.
- Additionally, he directly owns 10,014 and 20,394 restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation. There are no indications of unusual or concerning activity.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment of interests between the CEO and the company's performance.
Negatives
- The disposal of shares to cover tax liabilities, while normal, slightly reduces the CEO's direct stake in the company.
Risks
- Significant stock transactions by key executives can sometimes be perceived as a lack of confidence, although in this case, it appears to be routine vesting and tax-related disposal.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are regulated to prevent insider trading. Form 4 filings are a standard part of this regulatory framework.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The vesting schedules and tax-related disposals are typical components of these compensation arrangements, similar to practices at companies like Pearson and Cengage.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| October 10, 2023 | Reporting person was granted 20,028 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after the grant. |
| July 15, 2024 | Reporting person was granted 27,192 restricted stock units, vesting in four equal annual installments, beginning on April 30th of each year after grant. |
| April 30, 2025 | Date of transactions involving Class A Common stock and restricted stock units. |
| May 02, 2025 | Date of signature of the report. |
Keywords
stock, Matthew Kissner, John Wiley & Sons, WLY, WLYB, restricted stock units, Class A Common, insider trading, Form 4, CEO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.