Kenneth J. Cleary - 01 Sep 2023 Form 4 Insider Report for SCHOLASTIC CORP (SCHL)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Kenneth J. Cleary, by Andrew S. Hedden, Esq., Attorney-in-Fact
Issuer symbol
SCHL
Transactions as of
01 Sep 2023
Net transactions value
+$249,486
Form type
4
Filing time
06 Sep 2023, 16:03:16 UTC
Previous filing
27 Sep 2022
Next filing
22 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SCHL Common Stock 31,167 01 Sep 2023 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 Common Stock Award $249,486 +8,955 $27.86 8,955 01 Sep 2023 Common Stock 8,955 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 406 shares purchased by the Reporting Person in the ESPP since the last filing.
F2 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, 2023.