MCDANIEL RAYMOND W 4

What Happened
Raymond W. McDaniel, a director of John Wiley & Sons, Inc. (WLY/WLYB), was credited with 536 phantom stock units (an award/derivative acquisition) on 2026-04-23. The units are reported at $41.32 each, a notional value of $22,148. This was an awarded/credited grant under the company’s director deferred compensation plan, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-23; Form filed: 2026-04-24 (timely filing).
• Transaction type/code: Award/Grant (derivative acquisition).
• Units credited: 536 phantom stock units at $41.32 per unit = $22,148 notional value.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnote F1: 1-for-1 (each unit represents one share).
• Footnote F2: Units represent additional Phantom Stock Units from a quarterly dividend and are deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors; they settle in 100% Class A common stock upon separation of board service.
• Filing timeliness: filed one day after the transaction (appears timely).

Context
This was a compensation-related award (phantom stock units) credited to a director as part of a deferred compensation arrangement. These awards are not a purchase or sale and do not indicate immediate buying or selling intent; they convert to actual Wiley Class A shares only upon the director’s separation from service per the plan terms.