Elizabeth Polcari - 16 Aug 2023 Form 3 Insider Report for SCHOLASTIC CORP (SCHL)

Role: EVP, PRESIDENT, EDUCATION SOL.
Signature: /s/ Elizabeth Polcari, by Vanessa Hill, Attorney-in-fact
Issuer symbol: SCHL
Transactions as of: 16 Aug 2023
Net transactions value: $0
Form type: 3
Filing time: 07 Aug 2024, 16:03:27 UTC
Next filing: 07 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SCHL	Common Stock						26,263	16 Aug 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
holding	SCHL	Employee Stock Option (Right to Buy)							16 Aug 2023	Common Stock	5,149	$43.56	Direct	F2
holding	SCHL	Employee Stock Option (Right to Buy)							16 Aug 2023	Common Stock	8,468	$38.60	Direct	F2
holding	SCHL	Employee Stock Option (Right to Buy)							16 Aug 2023	Common Stock	8,540	$42.94	Direct	F2
holding	SCHL	Employee Stock Option (Right to Buy)							16 Aug 2023	Common Stock	19,452	$20.63	Direct	F2
holding	SCHL	Employee Stock Option (Right to Buy)							16 Aug 2023	Common Stock	14,194	$33.63	Direct	F2
holding	SCHL	Employee Stock Option (Right to Buy)							16 Aug 2023	Common Stock	13,583	$42.28	Direct	F2
holding	SCHL	Restricted Stock Units							16 Aug 2023	Common Stock	325		Direct	F3
holding	SCHL	Restricted Stock Units							16 Aug 2023	Common Stock	917		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Includes 5,420 Restricted Stock Units.
F2	The grant becomes exercisable in three equal annual installments beginning with the first anniversary of the date of grant.
F3	Represents Restricted Stock Units 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, 2021.
F4	Represents Restricted Stock Units 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.