Kenneth J. Cleary - Sep 1, 2021 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role: Chief Financial Officer
Signature: Kenneth J. Cleary, by Teresa M. Connelly, Attorney-in-fact
Stock symbol: SCHL
Transactions as of: Sep 1, 2021
Transactions value $: $100,604
Form type: 4
Date filed: 9/2/2021, 06:12 PM
Next filing: Sep 21, 2021

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	SCHL	Restricted Stock Units	Options Exercise	$101K	+4.08K		$24.67	0	Sep 1, 2021	Common Stock	4.08K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Acquired under the Scholastic Corporation Management Stock Purchase Plan in lieu of cash bonus; to be converted into shares of Common Stock on a one-for-one basis upon expiration of the deferral period selected by the reporting person. Vests on third anniversary of the award date. Price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2021.

Content

Acquired under the Scholastic Corporation Management Stock Purchase Plan in lieu of cash bonus; to be converted into shares of Common Stock on a one-for-one basis upon expiration of the deferral period selected by the reporting person. Vests on third anniversary of the award date. Price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2021.