Form 4: Director Hemphill Increases Holdings in John Wiley & Sons Through Dividend Reinvestment
SEC Form 4 Filing
Director Brian O. Hemphill acquired additional phantom stock units in John Wiley & Sons through a dividend reinvestment under the company's Deferred Compensation Plan for Directors.
Summary
- On October 24, 2024, Brian O. Hemphill, a director of John Wiley & Sons, Inc., acquired 73 phantom stock units as a result of a quarterly dividend.
- These units were deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
- The price of the phantom stock units was $49.37.
- Following the transaction, Hemphill directly owns 10,334 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 as it reflects a director increasing their stake in the company through a standard dividend reinvestment plan, indicating confidence in the company's performance.
Positives
- The director's participation in the dividend reinvestment plan demonstrates confidence in the company's future.
Future Outlook
The shares will settle upon separation of service from the Board in 100% John Wiley & Sons, Inc. Class A Common stock.
Industry Context
Directors often participate in dividend reinvestment plans as a way to increase their holdings in the company, aligning their interests with those of shareholders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of transaction: Brian O. Hemphill acquired 73 phantom stock units. |
| 10/28/2024 | Date of signature on the Form 4 filing. |
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