Iole Lucchese - Oct 7, 2021 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role
EVP, Chief Strategy Officer, Director
Signature
Iole Lucchese, by Teresa M. Connelly, Attorney-in-fact
Stock symbol
SCHL
Transactions as of
Oct 7, 2021
Transactions value $
-$1
Form type
4
Date filed
10/8/2021, 05:34 PM
Previous filing
Sep 29, 2021
Next filing
Sep 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHL Common Stock Options Exercise $308K +10.9K +20.46% $28.18 64.3K Oct 7, 2021 Direct F1
transaction SCHL Common Stock Tax liability -$308K -8.31K -12.92% $37.06 56K Oct 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 Employee Stock Options (right to buy) Options Exercise $0 -10.9K -100% $0.00* 0 Oct 7, 2021 Common Stock 10.9K $28.18 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options were auto-exercised on the day of expiration and net shares were received for the gain on exercise.
F2 Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.