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

Role
EVP, PRESIDENT, EDUCATION SOL.
Signature
/s/ Elizabeth Polcari, by Vanessa Hill, Attorney-in-fact
Stock symbol
SCHL
Transactions as of
Aug 16, 2023
Transactions value $
$0
Form type
3
Date filed
8/7/2024, 04:03 PM
Next filing
Aug 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SCHL Common Stock 26.3K Aug 16, 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) Aug 16, 2023 Common Stock 5.15K $43.56 Direct F2
holding SCHL Employee Stock Option (Right to Buy) Aug 16, 2023 Common Stock 8.47K $38.60 Direct F2
holding SCHL Employee Stock Option (Right to Buy) Aug 16, 2023 Common Stock 8.54K $42.94 Direct F2
holding SCHL Employee Stock Option (Right to Buy) Aug 16, 2023 Common Stock 19.5K $20.63 Direct F2
holding SCHL Employee Stock Option (Right to Buy) Aug 16, 2023 Common Stock 14.2K $33.63 Direct F2
holding SCHL Employee Stock Option (Right to Buy) Aug 16, 2023 Common Stock 13.6K $42.28 Direct F2
holding SCHL Restricted Stock Units Aug 16, 2023 Common Stock 325 Direct F3
holding SCHL Restricted Stock Units Aug 16, 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.