Madden Karen N 4

What Happened

• Karen N. Madden, a director of John Wiley & Sons, Inc. (WLY/WLYB), was granted 45 shares (awarded/acquired) on April 23, 2026. The filing shows a per-share value of $41.32, for a total notional value of approximately $1,859. The transaction is reported as an award/other acquisition (code A) and is a derivative grant (phantom stock units).

Key Details

• Transaction date and value: April 23, 2026 — 45 units @ $41.32 each = ~$1,859.
• Post-transaction holdings: Not specified in the provided filing excerpt.
• Footnotes:
  • F1 indicates a 1-for-1 conversion (units convert 1:1 to shares).
  • F2 explains these are additional Phantom Stock Units from a quarterly dividend, deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors; units settle in 100% Class A common stock upon separation from the Board.
• Filing timeliness: Reported April 24, 2026 for an April 23 transaction (filed the next day), indicating a timely report.

Context

• This was a deferred-compensation award (phantom stock units), not an open-market purchase. Such grants are common as director compensation and only convert to actual shares upon separation from board service, so they are part of routine pay rather than an immediate market signal.