Form 4: Raymond W. McDaniel Reports Acquisition of Phantom Stock Units in John Wiley & Sons, Inc.

Director Raymond W. McDaniel reports acquiring additional Phantom Stock Units in John Wiley & Sons, Inc. due to a quarterly dividend.

Summary

• Raymond W. McDaniel, a director of John Wiley & Sons, Inc., filed a Form 4 on July 29, 2024, reporting a transaction.
• The transaction involved the acquisition of 399 Phantom Stock Units on July 25, 2024, at a price of $46.68 per unit.
• These units were acquired as a result of a quarterly dividend and deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
• Following the reported transaction, McDaniel beneficially owns 53,235 Phantom Stock Units directly.
• 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 a stable and ongoing relationship between the director and the company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of Phantom Stock Units indicates continued alignment of the director's interests with the company's performance.
• The dividend reinvestment into Phantom Stock Units demonstrates a long-term commitment to the company.

Future Outlook

The Phantom Stock Units will be settled in John Wiley & Sons, Inc. Class A Common stock upon McDaniel's separation of service from the Board.

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 provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates