Form 4: Director Raymond McDaniel Increases Wiley Phantom Stock

Director Raymond W. McDaniel acquired 536 phantom stock units in John Wiley & Sons, Inc. via a dividend reinvestment plan.

Summary

• Director Raymond W. McDaniel acquired 536 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 company's Deferred Compensation Plan for Directors.
• Following this transaction, the director holds a total of 62,945 phantom stock units.
• These units are 1-for-1 and settle in Class A Common stock upon the director's separation from the Board.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing reflecting standard director compensation practices.

Positives

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

Negatives

• None identified; this is a routine administrative transaction related to dividend reinvestment.

Risks

• Value of phantom stock units is subject to the future market performance of John Wiley & Sons, Inc. Class A Common stock.

Future Outlook

The filing does not provide forward-looking business guidance, as it is a routine disclosure of director compensation activity.

Industry Context

StockSavvy.ai notes that routine dividend reinvestment by board members is a standard corporate governance practice, signaling long-term commitment to the issuer's equity performance.

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 to ensure board members maintain a vested interest in long-term stock performance.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation event.

Next Steps

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

Key Dates

Keywords

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