Form 4: John Wiley & Sons Director David C. Dobson Reports Changes in Beneficial Ownership

Director David C. Dobson reports acquisition of Class A Common stock and Phantom Stock Units through dividend reinvestment and deferred compensation plan.

Summary

• On April 25, 2024, David C. Dobson, a director of John Wiley & Sons, Inc., reported changes in beneficial ownership.
• Dobson acquired 122 shares of Class A Common stock through an automatic dividend reinvestment plan at a weighted average price ranging from $37.96 to $38.26 per share.
• He also acquired 214 Phantom Stock Units as a result of a quarterly dividend and deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
• Following these transactions, Dobson beneficially owns 13,390 shares of Class A Common stock and 23,397 Phantom Stock Units.
• The Phantom Stock Units are 1-for-1 and will be settled in Class A Common stock upon separation of service from the Board, distributed either in a lump sum or ratable installments over a period not exceeding 10 years.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine transactions related to director compensation and investment in the company's stock. There are no indications of negative events or concerns.

Positives

• The acquisition of shares through the dividend reinvestment plan indicates Dobson's continued investment in the company.
• The acquisition of Phantom Stock Units through the Deferred Compensation Plan aligns Dobson's interests with the long-term performance of the company.

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 upon separation of service from the Board.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates