Form 4: Wiley Director Acquires Phantom Stock Units Through Dividend Reinvestment
SEC Form 4 Filing
Director David C. Dobson acquired 222 phantom stock units of John Wiley & Sons, Inc. through a dividend reinvestment.
Summary
- David C. Dobson, a director at John Wiley & Sons, Inc., acquired 222 phantom stock units.
- The acquisition occurred on January 10, 2025, as a result of a quarterly dividend.
- The phantom stock units were acquired at a price of $42.1 per unit.
- These units are part of the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
- The units will be settled in Class A Common stock upon separation of service from the Board.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction, indicating a neutral to slightly positive sentiment as it shows the director's continued investment in the company.
Positives
- The acquisition of phantom stock units demonstrates the director's continued investment in the company.
- The dividend reinvestment plan allows for the accumulation of more shares over time.
Future Outlook
The phantom stock units will be settled in Class A Common stock upon the director's separation of service from the Board.
Industry Context
This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the standard practice of directors receiving compensation in the form of stock or stock-based awards.
Comparison to Industry Standards
- Many publicly traded companies use stock-based compensation for directors and executives.
- The use of phantom stock units is a common method for deferred compensation.
- The reporting of these transactions is a standard requirement under SEC regulations, similar to other companies such as Pearson or McGraw Hill.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it shows the director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 01/09/2025 | Date of the quarterly dividend payment, which was a federal holiday. |
| 01/10/2025 | Date of the phantom stock unit acquisition. |
| 01/13/2025 | Date the form was signed. |
Keywords
phantom stock units, dividend reinvestment, director, insider trading, deferred compensation, John Wiley & Sons, WLY, WLYB
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