Scholastic (SCHL) CEO exercises 2,112 options; 2,033 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scholastic Corp President & CEO Peter Warwick reported routine equity compensation activity. He exercised stock options to acquire 2,112 shares of Common Stock at $38.56 per share and had 2,033 shares withheld at a value of $40.065 per share to cover tax obligations. After these transactions, he directly holds 138,001 Common shares, reflecting a small adjustment to his overall ownership rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,112 shares exercised/converted
Mixed
3 txns
Insider
Peter Warwick
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 2,112 | $0.00 | -- |
| Exercise | Common Stock | 2,112 | $38.56 | $81K |
| Tax Withholding | Common Stock | 2,033 | $40.065 | $81K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct, null);
Common Stock — 140,034 shares (Direct, null)
Footnotes (1)
Key Figures
Options exercised: 2,112 shares
Exercise price: $38.56/share
Shares withheld for taxes: 2,033 shares
+3 more
6 metrics
Options exercised
2,112 shares
Stock options exercised into Common Stock at $38.56 per share
Exercise price
$38.56/share
Price for exercised stock options into Common Stock
Shares withheld for taxes
2,033 shares
Shares used to satisfy tax obligations at $40.065 per share
Tax withholding value
$40.065/share
Value per share for tax-withholding disposition
Shares held after transactions
138,001 shares
Direct Common Stock ownership following reported transactions
Exercised option grant size
2,112 options
Stock Option (right to buy) converted into Common Stock
Key Terms
Stock Option (right to buy), tax-withholding disposition, derivative exercise/conversion, derivative security
4 terms
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)""
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Scholastic (SCHL) CEO Peter Warwick report?
Peter Warwick exercised stock options for 2,112 Scholastic shares and had 2,033 shares withheld for taxes. These Form 4 transactions reflect routine compensation-related activity, not open-market buying or selling of additional shares.
What is the nature of the tax-withholding transaction in the Scholastic (SCHL) Form 4?
The Form 4 lists a code F transaction where 2,033 shares were withheld at $40.065 per share. This represents payment of tax liability by delivering shares, not a discretionary or open-market sale by the CEO.