Scholastic Corp (SCHL) EVP exercises 22,151 options and sells matching shares
Rhea-AI Filing Summary
SCHOLASTIC CORP executive Sasha Quinton, EVP and President of CBG, exercised employee stock options for 22,151 shares of common stock at an exercise price of $20.63 per share on August 7, 2026. The same 22,151 shares were then sold at $42.00 per share, including shares sold to cover the option exercise price and related withholding taxes. The exercised options were fully exhausted and were originally scheduled to expire on September 22, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 22,151 shares ($473K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Quinton Sasha
Role
EVP, Pres. CBG
Sold
22,151 shs ($930K)
Approx. gross sale proceeds
$930K
Approx. exercise cost
$457K
Approx. pre-tax spread
$473K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F2 | 22,151 | $0.00 | $0.00 |
| Exercise | Common Stock | 22,151 | $20.63 | $457K |
| Sale | Common Stock F1 | 22,151 | $42.00 | $930K |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 53,828 shares (Direct)
Footnotes (2)
- F1. Includes shares sold to cover the exercise price and satisfy withholding taxes.
- F2. Employee stock option that expires September 22, 2027 and vested ratably over a three year period beginning with the first anniversary after the September 22, 2020 date of grant.
Key Figures
Options Exercised: 22,151 shares
Option Exercise Price: $20.63 per share
Shares Sold: 22,151 shares
+3 more
6 metrics
Options Exercised
22,151 shares
Stock options exercised by Sasha Quinton on August 7, 2026
Option Exercise Price
$20.63 per share
Exercise price of employee stock option grant
Shares Sold
22,151 shares
Common stock sold following option exercise on August 7, 2026
Sale Price
$42.00 per share
Per-share price for sale of 22,151 common shares
Option Expiration Date
September 22, 2027
Original expiration date of the exercised employee stock option
Options Remaining from Grant
0 shares
Total stock options following transaction for this grant
Key Terms
Stock Option (right to buy), Employee stock option, withholding taxes
3 terms
Stock Option (right to buy) financial
"Security title listed as Stock Option (right to buy) for the derivative"
Employee stock option financial
"Footnote describes an Employee stock option that expires September 22, 2027"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
withholding taxes financial
"Footnote notes shares sold to cover the exercise price and satisfy withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did SCHL executive Sasha Quinton report on this Form 4?
Sasha Quinton reported exercising 22,151 stock options at $20.63 and selling 22,151 common shares at $42.00 on August 7, 2026, fully using that option grant.
What was the exercise price of Sasha Quinton’s SCHL stock options?
The exercised employee stock options had an exercise price of $20.63 per share. These options covered 22,151 shares of Scholastic Corp common stock and were originally scheduled to expire on September 22, 2027.
Did the SCHL filing indicate sales to cover taxes or exercise costs?
Yes. A footnote states the 22,151 sold shares include amounts used to cover the exercise price of the options and to satisfy withholding taxes, clarifying that part of the sale was for related obligations.