Kenneth J. Cleary - 01 Sep 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
Issuer symbol: SCHL
Transactions as of: 01 Sep 2022
Net transactions value: +$251,554
Form type: 4
Filing time: 06 Sep 2022, 16:15:25 UTC
Previous filing: 14 Dec 2021
Next filing: 22 Sep 2022
SEC: View on sec.gov

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	$251,554	+9,861		$25.51	9,861	01 Sep 2022	Common Stock	9,861	$0.000000	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.