Scholastic withholds 710 executive shares for taxes
The SVP and chief accounting officer reported 12,910 directly held shares after tax withholding tied to vesting of 1,551 restricted stock units.
Rhea-AI Filing Summary
At SCHOLASTIC CORP (SCHL), SVP and Chief Accounting Officer Paul Hukkanen had 710 common shares withheld on September 23, 2026, to cover taxes owed upon vesting of 1,551 restricted stock units. The reported price was $35.09 per share, and his direct holdings following the transaction were 12,910 shares. No Rule 10b5-1 plan is reported.
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Insider Trade Summary
Tax Withholding: 710 shares
Tax Withholding
1 txn
Insider
Hukkanen Paul
Role
SVP, CHIEF ACCT OFF
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 710 | $35.09 | $25K |
Holdings After Transaction:
Common Stock — 12,910 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld to cover taxes owed upon the vesting of 1,551 restricted stock units.
Key Figures
Common shares withheld: 710 shares
Reported price: $35.09 per share
Restricted stock units: 1,551 units
+1 more
4 metrics
Common shares withheld
710 shares
For taxes upon vesting of restricted stock units on September 23, 2026
Reported price
$35.09 per share
September 23, 2026 transaction
Restricted stock units
1,551 units
Units whose vesting generated the taxes covered by the withholding
Direct holdings following transaction
12,910 shares
After the September 23, 2026 transaction
Key Terms
restricted stock units, vesting, withheld to cover taxes
3 terms
restricted stock units financial
"vesting of 1,551 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"upon the vesting of 1,551 restricted stock units"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
withheld to cover taxes financial
"shares withheld to cover taxes owed"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Paul Hukkanen's SCHL transaction price and resulting holdings?
The reported price was $35.09 per share, and Paul Hukkanen's direct holdings following the September 23, 2026 transaction were 12,910 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.