Kenneth J. Cleary - Sep 1, 2022 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role: CHIE FINANCIAL OFFICER
Signature: /s/ Kenneth J. Cleary, by Teresa M. Connelly, Attorney-in-fact
Stock symbol: SCHL
Transactions as of: Sep 1, 2022
Transactions value $: $251,554
Form type: 4
Date filed: 9/6/2022, 04:15 PM
Previous filing: Dec 14, 2021
Next filing: Sep 22, 2022

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	$252K	+9.86K		$25.51	9.86K	Sep 1, 2022	Common Stock	9.86K	$0.00	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Acquired under the Scholastic Corporation Management Stock Purchase Plan in lieu of cash bonus to be converted into shares of Common Stock on a one-for-one basis upon expiration of the deferral period selected by the reporting person. Vests on the third anniversary of the award date. Price is equal to 75% of the lowest closing price for the underlying Common Stock during the quarter ended August 31, 2022.

Content

Acquired under the Scholastic Corporation Management Stock Purchase Plan in lieu of cash bonus to be converted into shares of Common Stock on a one-for-one basis upon expiration of the deferral period selected by the reporting person. Vests on the third anniversary of the award date. Price is equal to 75% of the lowest closing price for the underlying Common Stock during the quarter ended August 31, 2022.