S. Hedden - Oct 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
Oct 7, 2021
Transactions value $
-$56,425
Form type
4
Date filed
10/8/2021, 05:36 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 $422K +15K +25.76% $28.18 73.2K Oct 7, 2021 Direct F1
transaction SCHL Common Stock Tax liability -$479K -12.9K -17.66% $37.06 60.2K 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 -15K -100% $0.00* 0 Oct 7, 2021 Common Stock 15K $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.