[Form 4] SCHOLASTIC CORP Insider Trading Activity
Rhea-AI Filing Summary
Sasha Quinton, EVP and President of Scholastic Reading Events, reported a sale of 742 shares of Scholastic Corp. (SCHL) common stock on 09/22/2025 at a price of $25.01 per share, resulting in 38,132 shares beneficially owned following the transaction. The filing states 2,365 restricted stock units vested and that 742 shares were withheld to cover taxes on that vesting. The Form 4 was signed on 09/23/2025 by an attorney-in-fact.
Positive
- Timely disclosure of the transaction (filed and signed the day after the sale)
- Clear explanation that shares were withheld to cover taxes on RSU vesting
Negative
- Insider sale of 742 shares reduces the reporting person's direct holdings to 38,132 shares
Insights
TL;DR: Officer sold a small block of shares to satisfy tax withholding on vested RSUs; the filing is routine and informational.
The transaction is explicitly described as tax-withholding related to the vesting of 2,365 restricted stock units, with 742 shares disposed at $25.01 each. This is a common administrative step following RSU vesting and does not on its face indicate a change in company fundamentals. The reporting shows 38,132 shares remain beneficially owned by the reporting person after the transaction. Timely disclosure (transaction on 09/22/2025, Form 4 signed 09/23/2025) meets Section 16 reporting expectations.
TL;DR: Disclosure is compliant and documents an internal tax-withholding sale tied to RSU vesting; governance procedures appear followed.
The Form 4 identifies the reporting person as an officer with title provided and notes the sale was to cover tax obligations from RSU vesting. The signature by an attorney-in-fact and prompt filing support proper procedural handling. The filing contains clear explanation of the transaction and remaining ownership, which is useful for shareholders monitoring insider holdings and governance transparency.