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

Director Mari Jean Baker acquired 2,758 phantom stock units of John Wiley & Sons, Inc. as part of an annual director stock award.

Summary

• Mari Jean Baker, a director of John Wiley & Sons, Inc., acquired 2,758 phantom stock units on September 26, 2024.
• The acquisition was part of an annual director stock award issued under the company's 2022 Omnibus Stock and Long-Term Incentive Plan and deferred under the Director Deferred Compensation Plan.
• The price of the derivative security was $47.13.
• Following the transaction, Baker beneficially owns 36,657 phantom stock units.
• The shares will settle upon separation of service from the Board in 100% of John Wiley & Sons, Inc. Class A Common stock.
• Distribution of the deferred compensation 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. It reflects a routine transaction (director stock award) which is generally viewed as a positive sign of alignment between management and shareholders.

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.

Future Outlook

The shares settle upon separation of service from the Board in 100% of John Wiley & Sons, Inc. Class A Common stock, with distribution of deferred compensation in either a lump sum or installments over up to 10 years.

Industry Context

Director stock awards are a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates