S. Hedden - Sep 7, 2021 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role
EVP, General Counsel
Signature
Andrew S. Hedden, by Teresa M. Connelly, Attorney-in-fact
Stock symbol
SCHL
Transactions as of
Sep 7, 2021
Transactions value $
-$21,559
Form type
4
Date filed
9/9/2021, 04:51 PM
Next filing
Sep 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHL Common Stock Options Exercise $53.8K +1.57K +2.9% $34.33 55.7K Sep 7, 2021 Direct F1
transaction SCHL Common Stock Tax liability -$21.6K -628 -1.13% $34.33 55K Sep 7, 2021 Direct F1

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 -$53.8K -1.57K -100% $34.33 0 Sep 7, 2021 Common Stock 1.57K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") acquired by the reporting person on 9/4/2018 under the MSPP in lieu of cash bonus; converted into shares of Common Stock on a one-for-one basis on 9/7/2021, the first business day after vesting. The RSU price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2018.