John Wiley (WLY) Director David C. Dobson Receives 230-Share Award
$WLY, WLYB · JOHN WILEY & SONS, INC.Research Summary
AI-generated summary of this SEC filing
John Wiley (WLY) Director David C. Dobson Receives 230-Share Award
What Happened
David C. Dobson, a director of John Wiley & Sons, Inc. (WLY), was granted/credited 230 phantom stock units (reported as a derivative award) on July 23, 2026. The filing values the award at $48.72 per share, for a total reported value of $11,206. This was an award/credit under the company's Deferred Compensation Plan for Directors, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-23; Form 4 filed 2026-07-24 (timely filing).
- Transaction type/code: A (Award/acquisition); derivative award (phantom stock units).
- Shares/units: 230 units at $48.72 per unit; total value $11,206.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes:
- F1: 1-for-1 conversion ratio.
- F2: These are additional Phantom Stock Units credited as a result of a quarterly dividend and deferred under the John Wiley & Sons, Inc. Deferred Compensation Plan for Directors. Units settle in 100% Wiley Class A common stock upon the director’s separation from the Board.
Context
This is a routine director compensation credit (phantom stock units) reflecting dividend deferral under the directors' deferred compensation plan. Because these are deferred/derivative units that convert to company shares upon separation of service, they are not the same as an immediate open-market purchase and should be viewed as compensation rather than an active trading signal.