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

Director Brian O. Hemphill 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, Brian O. Hemphill, a director of John Wiley & Sons, Inc., acquired 56 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 per share for the phantom stock units was $46.68.
• Following the transaction, Hemphill beneficially owns 7,502 phantom stock units.
• These units will be settled in John Wiley & Sons, Inc. Class A Common stock upon separation of service from the Board.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects a director's continued investment in the company, which is generally viewed favorably. However, it's a routine transaction and doesn't indicate a major shift in the company's prospects.

Positives

• The acquisition of phantom stock units through dividend reinvestment demonstrates the director's continued investment in the company's future.
• The Deferred Compensation Plan for Directors allows for the accumulation of shares, aligning director interests with shareholder value.

Future Outlook

The phantom stock units will be settled in John Wiley & Sons, Inc. Class A Common stock upon separation of service from the Board.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their investment in the company's stock.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies to align the interests of directors with those of shareholders.
• Companies like Pearson, Cengage, and McGraw Hill also have similar compensation plans for their executives and directors.
• The specifics of these plans, such as vesting schedules and settlement terms, can vary.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding director compensation and investment in the company.

Key Dates