WLYB Insider Report: 223 Shares Acquired via Dividend Reinvestment; Late Filing Noted
Rhea-AI Filing Summary
Deirdre P. Silver, EVP and General Counsel of John Wiley & Sons, Inc., reported a purchase of Class A common stock under a dividend reinvestment plan. The Form 4 shows acquisition of 223 shares at a reported price of $39.63 each on 07/24/2025, increasing the reporting person’s direct beneficial ownership to 25,143 Class A shares. The filing explains the shares resulted from a dividend reinvestment plan administered by the reporting person’s broker-dealer and were not previously reported. The filer also discloses this Form 4 was submitted late due to an administrative error discovered during an internal quarterly review.
Positive
- Transaction disclosed: Acquisition of 223 Class A common shares through a dividend reinvestment plan is reported
- Updated ownership: Reporting person’s direct beneficial ownership increased to 25,143 Class A shares
- Clear cause disclosed: Filing states the late submission resulted from an identified administrative error during an internal quarterly review
Negative
- Late filing: The Form 4 was filed late and the filing explicitly acknowledges the tardiness
- Compliance control weakness implied: Administrative error in reporting automation suggests internal monitoring missed the active dividend reinvestment plan
Insights
TL;DR: Insider acquired shares via DRIP and filed late due to an administrative error; ownership updated to 25,143 shares.
The filing is a routine disclosure of a dividend reinvestment plan acquisition by an officer who is also EVP and General Counsel. The transaction is non-derivative and relatively small (223 shares). The explicit admission of a late filing is a control-and-compliance disclosure; the company acknowledges an internal review identified the oversight. For governance teams, this is a reminder to verify automated plans are monitored and reporting controls are effective. No other material changes to holdings or derivative positions are reported.
TL;DR: Acquisition via dividend reinvestment increases direct holdings modestly; the late filing is noted but the trade itself is immaterial.
The transaction recorded is 223 Class A shares purchased at $39.63 per share on 07/24/2025 through a dividend reinvestment plan, bringing direct beneficial ownership to 25,143 shares. There are no derivative transactions disclosed. From a market-impact perspective, the size of the purchase is immaterial to the company’s float and capitalization. The late filing is a disclosure risk but the form documents that the cause was administrative and identified in a quarterly internal review.