Form 4: Director Baker Acquires Additional Phantom Stock Units in John Wiley & Sons
SEC Form 4 Filing
Director Mari Jean Baker acquired 309 phantom stock units of John Wiley & Sons due to a quarterly dividend.
Summary
- Mari Jean Baker, a director at John Wiley & Sons, acquired 309 phantom stock units.
- The acquisition occurred on January 10, 2025, due to a quarterly dividend payment.
- The phantom stock units are deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
- The shares will settle upon separation of service from the Board in 100% John Wiley & Sons, Inc. Class A Common stock.
- The price of the phantom stock units was $42.1 per unit.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. The acquisition of phantom stock units is a positive sign of alignment with the company's performance.
Positives
- The acquisition of phantom stock units by a director demonstrates continued alignment with the company's performance.
- The dividend payment indicates a return of value to shareholders.
Future Outlook
The phantom stock units will settle upon separation of service from the Board in 100% John Wiley & Sons, Inc. Class A Common stock.
Industry Context
This filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It reflects the compensation structure for board members and their alignment with shareholder interests.
Comparison to Industry Standards
- Many publicly traded companies use phantom stock units as part of their compensation packages for directors and executives.
- The use of deferred compensation plans is also a common practice to align long-term interests.
- The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 01/09/2025 | Date of the quarterly dividend payment, which was a federal holiday. |
| 01/10/2025 | Date of the phantom stock unit acquisition by Director Baker. |
| 01/13/2025 | Date the Form 4 was signed. |
Keywords
phantom stock units, director, dividend, John Wiley & Sons, WLY, WLYB, insider trading, deferred compensation
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