Kenneth J. Cleary - Sep 22, 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 22, 2021
Transactions value $
$115,250
Form type
4
Date filed
9/24/2021, 04:41 PM
Previous filing
Sep 21, 2021
Next filing
Sep 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHL Common Stock Award $165K +4.91K +22.54% $33.63 26.7K Sep 22, 2021 Direct F1
transaction SCHL Common Stock Tax liability -$49.7K -1.48K -5.55% $33.63 25.2K Sep 22, 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 +14.2K $0.00 14.2K Sep 22, 2021 Common Stock 14.2K $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.