Kenneth J. Cleary - Sep 1, 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
Stock symbol: SCHL
Transactions as of: Sep 1, 2023
Transactions value $: $249,486
Form type: 4
Date filed: 9/6/2023, 04:03 PM
Previous filing: Sep 27, 2022
Next filing: Sep 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SCHL	Common Stock						31.2K	Sep 1, 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	$249K	+8.96K		$27.86	8.96K	Sep 1, 2023	Common Stock	8.96K	$0.00	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.

Content

Reflects 406 shares purchased by the Reporting Person in the ESPP since the last filing.

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.