Iole Lucchese - Sep 1, 2023 Form 4/A Insider Report for SCHOLASTIC CORP (SCHL)

Role
EVP & CHIEF STRATEGY OFFICER, Director
Signature
/s/ Iole Lucchese by Andrew S. Hedden, Esq., Attorney-in-Fact
Stock symbol
SCHL
Transactions as of
Sep 1, 2023
Transactions value $
$25,822
Form type
4/A
Date filed
1/17/2024, 04:02 PM
Date Of Original Report
Sep 5, 2023
Previous filing
Sep 27, 2022
Next filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCHL Common Stock Options Exercise $207K +4.77K +7.96% $43.46 64.7K Sep 1, 2023 Direct F1
transaction SCHL Common Stock Tax liability -$101K -2.33K -3.59% $43.46 62.4K 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 Restricted Stock Units Options Exercise -$80.6K -4.77K -100% $16.88 0 Sep 1, 2023 Common Stock 4.77K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") acquired by the reporting person on 9/1/2020 under the MSPP in lieu of cash bonus; converted into shares of Common Stock on a one-for-one basis on 9/1/2023, the first business day following expiration of the deferral period selected by the reporting person. RSU price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2020.