Inder M. Singh - 29 Sep 2022 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role
Director
Signature
/s/ Marjorie Pierre-Merritt, Attorney-In-Fact
Issuer symbol
WLY
Transactions as of
29 Sep 2022
Net transactions value
+$216,585
Form type
4
Filing time
03 Oct 2022, 14:58:28 UTC
Previous filing
27 May 2022
Next filing
28 Oct 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WLY Phantom Stock Units Award $96,574 +1,772 $54.50 1,772 29 Sep 2022 Class A Common 1,772 Direct F1, F2
transaction WLY Phantom Stock Units Award $120,011 +3,140 +177% $38.22 4,912 29 Sep 2022 Class A Common 3,140 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pro-rated annual director stock award issued pursuant to the John Wiley and Sons, Inc. 2022 Omnibus Stock and Long-Term Incentive Plan and deferred under the Director Deferred Compensation Plan. Amount includes additional Phantom Stock Units as a result of quarterly dividends. Shares settled upon retirement from the Board in 100% of John Wiley & Sons, Inc. Class A Common stock. Pursuant to the Deferred Compensation Plan, the director will receive distribution of his/her deferred compensation in accordance with his/her distribution election in either a lump sum or in ratable installments over a period not to exceed 10 years.
F2 1-for-1.
F3 Annual director stock award issued pursuant to the John Wiley and Sons, Inc. 2022 Omnibus Stock and Long-Term Incentive Plan and deferred under the Director Deferred Compensation Plan. Such shares will vest on the earliest of (i) the day before the next Annual Meeting, (ii) the director's death/disability, and (iii) a change in control event. Shares settled upon retirement from the Board in 100% of John Wiley & Sons, Inc. Class A Common stock. Pursuant to the Deferred Compensation Plan, the director will receive distribution of his/her deferred compensation in accordance with his/her distribution election in either a lump sum or in ratable installments over a period not to exceed 10 years.