Posted: 12/17/2024 03:41 am
On the executive compensation front, Wiley's CEO, Matthew S. Kissner, received a total compensation package of $33,577,000 for the year 2024. This package includes a base salary of $4,875,000 and significant stock and option awards valued at $16,942,000 and $1,276,000 respectively. Additionally, Kissner received incentive plan compensation amounting to $8,857,000, complemented by other compensations totaling $2,551,000¹. This comprehensive package underscores Wiley's commitment to aligning executive incentives with long-term company performance.
Comparatively, looking back to 2005, Bonnie E. Lieberman, who served as Senior Vice President and General Manager of Higher Education, received a total compensation of $642,548. Her compensation was comprised of a base salary of $316,667, a bonus of $138,060, and stock awards worth $180,221². This historical perspective highlights a substantial increase in executive compensation over the years, reflecting changes in company strategy and market conditions.
Wiley's financial posture remains robust, as evidenced by its recent decision to increase the annual dividend from $1.40 to $1.41 per share. This move, announced by the board of directors, will see shareholders receive a dividend of $0.3525 per share on its Class A and Class B common stock³. Such actions project confidence in the company's future earnings potential and its ability to return value to shareholders.
In terms of stock performance, Wiley's current share price stands at $45.79, slightly down by 0.11% from the previous close of $45.84. The stock's range over the past year has fluctuated between a low of $30.45 and a high of $53.96, indicating a volatile market environment⁴. Despite the recent dips in price, Wiley's market capitalization remains strong at over $2.47 billion, with a stable trading volume⁴.
As John Wiley & Sons navigates 2024, executives' compensation levels continue to reflect their strategic roles in positioning the company for long-term success. The alignment of significant stock-based awards with company performance underscores an incentive system focused on sustainable growth and shareholder value.
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1. Executive compensation data sourced from SEC filings: https://www.sec.gov/Archives/edgar/data/107140/000010714024000176/0000107140-24-000176-index.htm
2. Historical executive compensation data sourced from SEC filings: https://www.sec.gov/Archives/edgar/data/107140/000095011706003354/0000950117-06-003354-index.htm
3. Dividend announcement sourced from Wiley press release: Business Wire
4. Stock performance data sourced from recent stock analysis
