WLY Director Mari Jean Baker Receives Award of 311 Phantom Units

What Happened
Mari Jean Baker, a director of John Wiley & Sons, Inc. (WLY/WLYB), received an award of 311 derivative units on 2026-07-23. The grant is reported as an acquisition (transaction code A) at an attributable per-unit value of $48.72, totaling approximately $15,152. This was a grant of Phantom Stock Units under the company’s Deferred Compensation Plan for Directors, not an open‑market purchase of actual shares.

Key Details

• Transaction date: 2026-07-23; Form 4 filed: 2026-07-24 (timely).
• Quantity and value: 311 phantom stock units at $48.72 each; total ≈ $15,152.
• Transaction type: Award/Grant of derivative units (Phantom Stock Units) — reported as "A".
• Shares owned after transaction: Not stated in the filing.
• Footnotes: F1 = 1-for-1 conversion; F2 = 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.
• These units are not immediate voting or marketable shares; they convert/settle to actual shares on separation of service.

Context
Phantom stock units are a deferred-compensation award that mirror the economic value of shares but do not represent current, tradable equity. Such grants are common as director compensation and do not by themselves indicate an immediate buy or sell signal. The 1-for-1 note means each unit will convert into one Class A share upon settlement, per the plan terms.