Form 4: Wiley Director Dobson Acquires Phantom Stock Units Through Dividend Reinvestment

Director David C Dobson acquired additional phantom stock units in John Wiley & Sons, Inc. through a dividend reinvestment under the company's Deferred Compensation Plan for Directors.

Summary

• On July 25, 2024, David C Dobson, a director of John Wiley & Sons, Inc., acquired 177 phantom stock units.
• The acquisition was a result of a quarterly dividend reinvestment under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors.
• The price of the phantom stock units was $46.68.
• Following the transaction, Dobson beneficially owns 23,574 phantom stock units.
• These units will be settled in Class A Common stock upon separation of service from the Board.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction (dividend reinvestment) by a director, indicating continued alignment with the company's performance.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company's future.
• The dividend reinvestment plan allows directors to increase their stake in the company over time.

Future Outlook

The phantom stock units will be settled in Class A Common stock upon separation of service from the Board.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation and participate in dividend reinvestment plans.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves phantom stock units and a dividend reinvestment plan.

Key Dates