Kenneth J. Cleary - 22 Sep 2021 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role: Chief Financial Officer
Signature: Kenneth J. Cleary, by Teresa M. Connelly, Attorney-in-fact
Issuer symbol: SCHL
Transactions as of: 22 Sep 2021
Net transactions value: +$115,250
Form type: 4
Filing time: 24 Sep 2021, 16:41:26 UTC
Previous filing: 21 Sep 2021
Next filing: 29 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCHL	Common Stock	Award	$164,989	+4,906	+23%	$33.63	26,670	22 Sep 2021	Direct	F1
transaction	SCHL	Common Stock	Tax liability	$49,739	-1,479	-5.5%	$33.63	25,191	22 Sep 2021	Direct	F2

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	Employee stock option (right to buy)	Award	$0	+14,194		$0.000000	14,194	22 Sep 2021	Common Stock	14,194	$33.63	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 79 shares purchased under the Scholastic Corporation Employee Stock Purchase Plan not previously reported.
F2	Represents shares withheld to cover taxes owed upon the vesting of 3,877 restricted stock units
F3	The grant becomes exercisable in three equal annual installments beginning with the first anniversary of the date of grant.