XML 67 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2021
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Year
(a)
Summary Compensation Table Total for PEO1,2,3($000)
(b)
Compensation Actually Paid to PEO1,2,3 ($000)
(c)
Average Summary Compensation Table Total for Non-PEO NEOs1
(d)
Average Compensation Actually Paid to Non-PEO NEOs1,4,5
(e)
Value of Initial Fixed $100 Investment based on:4
Net Income (GAAP)
($ Millions)7
(h)
Adjusted Revenue
($ Millions)8
(i)
TSR ($)
(f)
Peer Group TSR ($) (g)
PEO2
PEO3
PEO2
PEO3
2024$3,357.7$4,495.6$3,768.4$1,482.8$2,551.0$2,882.3$114.3$173.8-$200.3$1,606
2023$4,376.6$1,792.2$1,597.7$858.2$112.7$140.1$17.2$2,080
2022$4,948.2$3,889.3$2,726.6$2,279.7$143.7$148.1$148.3$2,069
2021$7,339.2$10,720.7$2,706.9$3,481.8$156.8$166.6$148.3$1,914
      
Company Selected Measure Name Adjusted Revenue      
Named Executive Officers, Footnote Matthew S. Kissner and Brian A. Napack were our CEOs and PEOs during fiscal year 2024. Mr. Napack was our CEO and PEO for fiscal years 2023, 2022 and 2021. The individuals comprising the non-PEO NEOs for each year presented are listed below.
2024202320222021
Christina Van Tassell
Christina Van TassellJohn A. KritzmacherJohn A. Kritzmacher
James J. Flynn IIAref MatinChristina Van TassellTodd R. Zipper
Aref MatinTodd R. ZipperAref Matin
Matthew S. Kissner
Danielle McMahan
James J. Flynn IITodd R. Zipper
Judy K. Verses
Matthew H. Leavy
2.Information reflected is for PEO Matthew S. Kissner, who was appointed as interim CEO during fiscal year 2024.
3.Information reflected is for PEO Brian A. Napack, who departed as CEO during fiscal year 2024.
      
Peer Group Issuers, Footnote TSR provides an indicator of the cumulative total return to shareholders of the Company’s Class A Common Stock as compared with the cumulative total return on the Dow Jones Publishing Index used in the 10-K performance graph pursuant to Item 201(e) of Regulation S-K, for the period from April 30, 2021, to April 30, 2024. Cumulative total return assumes $100 invested on April 30, 2020, and reinvestment of dividends throughout the period.      
PEO Total Compensation Amount   $ 4,376,600 $ 4,948,200 $ 7,339,200
PEO Actually Paid Compensation Amount   1,792,200 3,889,300 10,720,700
Adjustment To PEO Compensation, Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the average of the non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718.
2024202320222021
PEO Kissner
PEO Napack
Average Non-PEO NEOs
PEO
Average Non-PEO NEOs
PEO
Average Non-PEO NEOs
PEO
Average Non-PEO NEOs
Summary Compensation Table Total (All data in $000s)
$3,357.7$4,495.6$2,551.0$4,376.6$1,597.7$4,948.2$2,726.6$7,339.2$2,706.9
Less Stock Award Value & Option Award Value Reported in SCT for the Covered Year
$1,821.8$2,113.2$1,392.3$2,688.5$755.9$2,271.4$1,138.0$4,039.4$1,144.6
Plus Year End Fair Value of Equity Awards Granted During the Covered Year that Remain Outstanding and Unvested as of Last Day of the Covered Year
$2,104.0$1,345.7$1,671.5$1,340.6$376.9$1,608.3$745.5$4,891.7$1,376.5
Plus Year over Year Change in Fair Value as of the Last Day of the Covered Year of Outstanding and Unvested Equity Awards Granted in Prior Years
$—$(10.2)$(1.3)$(1,168.8)$(347.2)$(656.5)$(135.2)$1,692.7$(135.2)
Plus Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Covered Year
$188.1$—$109.8$296.9$83.5$316.5$182.1$479.7$145.9
Plus Year over Year Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested During the Covered Year
$(59.6)$(253.5)$(56.3)$(364.6)$(96.9)$(55.8)$9.9$356.7$69.7
Minus Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Covered Year
$—$1,981.7$—$—$—$—$111.1$—$—
Compensation Actually Paid $3,768.4$1,482.8$2,882.3$1,792.2$858.2$3,889.3$2,279.7$10,720.7$3,481.8
      
Non-PEO NEO Average Total Compensation Amount $ 2,551,000 1,597,700 2,726,600 2,706,900
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,882,300 858,200 2,279,700 3,481,800
Adjustment to Non-PEO NEO Compensation Footnote Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the average of the non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718.
2024202320222021
PEO Kissner
PEO Napack
Average Non-PEO NEOs
PEO
Average Non-PEO NEOs
PEO
Average Non-PEO NEOs
PEO
Average Non-PEO NEOs
Summary Compensation Table Total (All data in $000s)
$3,357.7$4,495.6$2,551.0$4,376.6$1,597.7$4,948.2$2,726.6$7,339.2$2,706.9
Less Stock Award Value & Option Award Value Reported in SCT for the Covered Year
$1,821.8$2,113.2$1,392.3$2,688.5$755.9$2,271.4$1,138.0$4,039.4$1,144.6
Plus Year End Fair Value of Equity Awards Granted During the Covered Year that Remain Outstanding and Unvested as of Last Day of the Covered Year
$2,104.0$1,345.7$1,671.5$1,340.6$376.9$1,608.3$745.5$4,891.7$1,376.5
Plus Year over Year Change in Fair Value as of the Last Day of the Covered Year of Outstanding and Unvested Equity Awards Granted in Prior Years
$—$(10.2)$(1.3)$(1,168.8)$(347.2)$(656.5)$(135.2)$1,692.7$(135.2)
Plus Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Covered Year
$188.1$—$109.8$296.9$83.5$316.5$182.1$479.7$145.9
Plus Year over Year Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested During the Covered Year
$(59.6)$(253.5)$(56.3)$(364.6)$(96.9)$(55.8)$9.9$356.7$69.7
Minus Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Covered Year
$—$1,981.7$—$—$—$—$111.1$—$—
Compensation Actually Paid $3,768.4$1,482.8$2,882.3$1,792.2$858.2$3,889.3$2,279.7$10,720.7$3,481.8
      
Compensation Actually Paid vs. Total Shareholder Return
Relationship between CAP and TSR. The graph below illustrates the relationship between our TSR and the Dow Jones Publishing Index TSR, as well as the relationship between CAP and our TSR for the PEO and the average of the non-PEO NEOs for the applicable reporting year.
2805
      
Compensation Actually Paid vs. Net Income
Relationship between CAP and GAAP Net Income. The graph below illustrates the relationship between CAP and Net Income for the PEO and the average of the non-PEO NEOs for the applicable reporting year.

3005
      
Compensation Actually Paid vs. Company Selected Measure
Relationship between CAP and Adjusted Revenue. The graph below illustrates the relationship between CAP and Adjusted Revenue for the PEO and the average of the non-PEO NEOs for the applicable reporting year.

3216
      
Total Shareholder Return Vs Peer Group
Relationship between CAP and TSR. The graph below illustrates the relationship between our TSR and the Dow Jones Publishing Index TSR, as well as the relationship between CAP and our TSR for the PEO and the average of the non-PEO NEOs for the applicable reporting year.
2805
      
Tabular List, Table Adjusted Revenue
■Adjusted Operating Income
■Adjusted EBITDA
      
Total Shareholder Return Amount $ 114.3 112.7 143.7 156.8
Peer Group Total Shareholder Return Amount 173.8 140.1 148.1 166.6
Net Income (Loss) $ (200,300,000) $ 17,200,000 $ 148,300,000 $ 148,300,000
Company Selected Measure Amount 1,606,000,000 2,080,000,000 2,069,000,000 1,914,000,000
Additional 402(v) Disclosure The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s PEO and other non-PEO NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 5 below.GAAP Net Income in Fiscal Year 2024: FY24 was a transition year for Wiley as the Company divested non-core businesses, restructured and realigned the organization, and recorded multiple non-cash impairments. Our GAAP results reflect this activity.

In FY24, the Company recorded losses on the sale of businesses and impairment charges related to held-for-sale assets totaling $183 million; goodwill impairment charges totaling $108 million; and restructuring charges totaling $63 million. This activity has freed us up to focus on our profitable and advantageous Research and Learning core. In FY24, Wiley met its Adjusted Revenue guidance and exceeded its Adjusted EBITDA and Adjusted EPS guidance, as well as other stated commitments. 		     
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted Revenue      
Non-GAAP Measure Description Our Company-selected measure is Adjusted Revenue, included as a financial measure in both our annual incentive plan and our long-term incentive plan. Revenue is adjusted to exclude the effects of foreign exchange and contributions from acquisitions made during the year in accordance with the adjustment mechanics approved at the beginning of the performance period. For fiscal year 2024, Adjusted Revenue excludes businesses held for sale or sold during the fiscal year.      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Operating Income      
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted EBITDA      
Matthew S. Kissner [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 3,357,700      
PEO Actually Paid Compensation Amount 3,768,400      
Brian A. Napack [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount 4,495,600      
PEO Actually Paid Compensation Amount $ 1,482,800      
PEO 1 [Member]        
Pay vs Performance Disclosure        
PEO Name Matthew S. Kissner      
PEO 2 [Member]        
Pay vs Performance Disclosure        
PEO Name Brian A. Napack      
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   $ (2,688,500) $ (2,271,400) $ (4,039,400)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   1,340,600 1,608,300 4,891,700
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (1,168,800) (656,500) 1,692,700
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   296,900 316,500 479,700
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (364,600) (55,800) 356,700
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   0 0 0
PEO | Matthew S. Kissner [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (1,821,800)      
PEO | Matthew S. Kissner [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,104,000      
PEO | Matthew S. Kissner [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Matthew S. Kissner [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 188,100      
PEO | Matthew S. Kissner [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (59,600)      
PEO | Matthew S. Kissner [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Brian A. Napack [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (2,113,200)      
PEO | Brian A. Napack [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,345,700      
PEO | Brian A. Napack [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (10,200)      
PEO | Brian A. Napack [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Brian A. Napack [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (253,500)      
PEO | Brian A. Napack [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,981,700)      
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,392,300) (755,900) (1,138,000) (1,144,600)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,671,500 376,900 745,500 1,376,500
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,300) (347,200) (135,200) (135,200)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 109,800 83,500 182,100 145,900
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (56,300) (96,900) 9,900 69,700
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ (111,100) $ 0