Form 4: John Wiley & Sons Director Acquires Phantom Stock Units

Raymond W. McDaniel, a director at John Wiley & Sons, acquired 2,758 phantom stock units as part of an annual director stock award.

Summary

• On September 26, 2024, Raymond W. McDaniel, a director of John Wiley & Sons, Inc., acquired 2,758 phantom stock units.
• The acquisition was part of an annual director stock award issued under the company's 2022 Omnibus Stock and Long-Term Incentive Plan.
• The phantom stock units are deferred under the Director Deferred Compensation Plan and are convertible to Class A Common stock on a 1-for-1 basis.
• The price of the derivative security is $47.13.
• Following the transaction, McDaniel beneficially owns 55,993 derivative securities.
• McDaniel has granted power of attorney to Deirdre Silver, Ashima Aggarwal, and Marjorie Pierre-Merritt to execute and file Forms 3, 4, and 5 on his behalf.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a positive alignment of interests between the director and the company's shareholders. There are no indications of negative sentiment.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The Director Deferred Compensation Plan allows for flexible distribution options, either in a lump sum or in ratable installments over a period not to exceed 10 years.

Future Outlook

The reporting person will receive distribution of their deferred compensation in accordance with their distribution election in either a lump sum or in ratable installments over a period not to exceed 10 years.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.

Comparison to Industry Standards

• Director compensation packages often include stock awards to align their interests with shareholders, a common practice among publicly traded companies.
• The vesting and distribution terms of the Director Deferred Compensation Plan are typical for such arrangements.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates