Form 4: John Wiley & Sons Director Mari Jean Baker Reports Phantom Stock Unit Acquisition
SEC Form 4 Filing
Director Mari Jean Baker reports acquisition of phantom stock units due to a quarterly dividend and deferred compensation plan.
Summary
- On October 24, 2024, Mari Jean Baker, a director of John Wiley & Sons, Inc., acquired 262 phantom stock units.
- This acquisition is a result of a quarterly dividend and is deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
- The price of the derivative security is $49.37.
- Following the transaction, Baker directly owns 36,918 phantom stock units.
- These units are convertible to Class A Common stock upon separation of service from the Board.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and does not involve significant changes in company operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of transaction: Mari Jean Baker acquired 262 phantom stock units. |
| 10/28/2024 | Date of signature on the report. |
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