Inder M. Singh - Sep 28, 2023 Form 4 Insider Report for JOHN WILEY & SONS, INC. (WLY)

Role
Director
Signature
/s/ Marjorie Pierre-Merritt, Attorney-In-Fact
Stock symbol
WLY
Transactions as of
Sep 28, 2023
Transactions value $
$119,999
Form type
4
Date filed
9/29/2023, 05:59 PM
Previous filing
Jul 3, 2023
Next filing
Oct 27, 2023

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 $120K +3.22K +63.21% $37.29 8.31K Sep 28, 2023 Class A Common 3.22K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1-for-1.
F2 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 ("DCP"). 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 DCP, 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.
F3 The reported total includes 52 Phantom Stock Units acquired by the reporting person since the date of their last report pursuant to a dividend reinvestment feature of the DCP. The number of derivative securities in column 9 include the dividend equivalent rights at $33.82 per unit credited to the reporting person's account on July 20, 2023. Dividend equivalents are subject to the same terms and conditions as the underlying award granted to the reporting person, as described. Upon vesting, the dividend equivalents will settle in Company Class A Common stock.