Form 4: Director Baker Increases Holdings in John Wiley & Sons Through Dividend Reinvestment

Director Mari Jean Baker acquired additional phantom stock units in John Wiley & Sons through a dividend reinvestment under the company's deferred compensation plan.

Summary

• On July 25, 2024, Mari Jean Baker, a director of John Wiley & Sons, Inc., acquired 254 phantom stock units.
• The acquisition was a result of a quarterly dividend reinvestment under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
• The price per phantom stock unit was $46.68.
• Following the transaction, Baker directly owns 33,898 phantom stock units.
• These units will be settled in Class A Common stock upon separation of service from the Board.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (dividend reinvestment) by a director, indicating confidence in the company. It's a neutral to slightly positive signal.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company.
• Dividend reinvestment plans can be seen as a positive sign of confidence in the company's future performance.

Future Outlook

The phantom stock units will be settled in Class A Common stock upon separation of service from the Board, indicating a long-term investment perspective.

Industry Context

Directors often receive stock-based compensation as part of their overall remuneration, aligning their interests with those of shareholders. Dividend reinvestment plans are a common way for directors to increase their holdings in the company.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice across publicly traded companies.
• Companies like Pearson, Cengage, and McGraw Hill also utilize various forms of equity compensation for their board members.
• The specific terms of deferred compensation plans and dividend reinvestment options can vary significantly between companies.

Stakeholder Impact

• The increased holdings of a director can be viewed positively by shareholders, as it aligns management's interests with theirs.

Key Dates