Form 4: John Wiley & Sons Director George Bell Reports Acquisition of Phantom Stock Units

Director George Bell acquired additional Phantom Stock Units in John Wiley & Sons, Inc. due to a quarterly dividend and deferred compensation plan.

Summary

• On April 25, 2024, George Bell, a director of John Wiley & Sons, Inc., acquired 290 Phantom Stock Units.
• The acquisition was a result of a quarterly dividend and deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
• The price of the phantom stock units was $37.95.
• Following the transaction, Bell directly owns 31,684 Phantom Stock Units.
• These units are 1-for-1 and will settle upon separation of service from the Board in John Wiley & Sons, Inc. Class A Common stock.
• The distribution will be in either a lump sum or in ratable installments over a period not to exceed 10 years, according to the director's election.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and alignment of director interests with the company.

Positives

• The acquisition of Phantom Stock Units reflects continued alignment of the director's interests with the company's performance.
• The deferred compensation plan provides a long-term incentive for directors.

Future Outlook

The Phantom Stock Units will be settled in Class A Common stock upon the director's separation from the board, according to their distribution election.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of Phantom Stock Units by a director can reassure shareholders that management's interests are aligned with theirs.

Key Dates