Form 4: Director Andresen Increases Phantom Stock in Wiley & Sons

Director Katherine Dunn Andresen acquired 36 phantom stock units via dividend reinvestment under the company's deferred compensation plan.

Summary

• Director Katherine Dunn Andresen acquired 36 phantom stock units on April 23, 2026.
• The acquisition was made at a price of $41.32 per unit.
• The transaction represents a dividend reinvestment under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
• Following this transaction, the director holds a total of 4,181 phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing reflecting standard director compensation practices with no material impact on company strategy or financial health.

Positives

• Demonstrates continued alignment of director interests with shareholders through deferred compensation participation.

Negatives

• None identified.

Risks

• Phantom stock units are subject to the long-term performance and valuation of John Wiley & Sons, Inc. Class A Common stock.

Future Outlook

The phantom stock units will settle in Class A Common stock upon the director's separation of service from the Board.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans via phantom stock is a standard corporate governance practice designed to ensure long-term alignment between board members and equity holders.

Comparison to Industry Standards

• The use of deferred compensation plans for directors is consistent with standard practices among S&P 400 and mid-cap companies.
• Dividend reinvestment mechanisms for phantom stock are common in executive and director compensation structures.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine director compensation transaction.

Next Steps

• The director will continue to hold these units until separation of service from the Board.

Key Dates

Keywords

John Wiley & Sons, WLY, WLYB, Insider Trading, Form 4, Director Compensation, Phantom Stock