Form 4: Director Beth A. Birnbaum Reports Phantom Stock Unit Acquisition in John Wiley & Sons, Inc.

Director Beth A. Birnbaum reported the acquisition of 138 Phantom Stock Units due to a quarterly dividend and deferred compensation plan.

Summary

• On July 25, 2024, Beth A. Birnbaum, a director of John Wiley & Sons, Inc., acquired 138 Phantom Stock Units.
• The acquisition is a result of a quarterly dividend and deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
• The price of the derivative security is $46.68.
• Following the transaction, Birnbaum directly owns 18,466 derivative securities.
• The shares will settle upon separation of service from the Board in 100% John Wiley & Sons, Inc. Class A Common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing indicates standard executive compensation practices and continued director involvement, suggesting stability and alignment of interests.

Positives

• The acquisition of Phantom Stock Units reflects continued participation in the company's deferred compensation plan.
• The director's continued holding of derivative securities may indicate a positive outlook on the company's future performance.

Future Outlook

The shares 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 related to executive compensation and is typical for publicly traded companies. Directors often receive stock-based compensation as part of their overall remuneration package.

Comparison to Industry Standards

• Executive compensation packages, including phantom stock units, are common in publicly traded companies like John Wiley & Sons.
• Companies such as Pearson PLC and Cengage Group also utilize various forms of equity-based compensation for their executives and directors.
• The specifics of these packages vary based on company size, performance, and industry standards.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.
• Employees may view this as a sign of stability and continued investment in leadership.

Key Dates