[Form 4] SCHOLASTIC CORP Insider Trading Activity
Rhea-AI Filing Summary
Paul Hukkanen, SVP and Chief Accounting Officer of Scholastic Corp (SCHL), reported a transaction on 09/26/2025 in which 291 shares of Common Stock were disposed of at a price of $26.80 per share. The Form 4 shows 14,019 shares beneficially owned after the transaction. The filing includes an explanation that the shares were withheld to cover taxes due upon the vesting of 947 restricted stock units, indicating this was a tax-withholding sale rather than an open-market diversification. The form was signed on 09/30/2025 by an attorney-in-fact.
Positive
- Disclosure is specific: transaction date, amount, price and post-transaction ownership are provided
- Transaction is routine tax withholding: the filing explains shares were withheld to cover taxes on 947 vested RSUs
- Officer retains meaningful stake: 14,019 shares remain beneficially owned after the disposition
Negative
- None.
Insights
TL;DR Routine tax-withholding sale by an officer; not a signal of material change in ownership.
The disposition of 291 shares at $26.80 to satisfy tax obligations from the vesting of 947 restricted stock units is a common administrative transaction. The officer retains a substantial position of 14,019 shares after the transaction, so this filing does not materially change beneficial ownership or indicate a strategic shift. No derivative transactions or additional dispositions are disclosed.
TL;DR Transaction appears procedural and compliant with Section 16 reporting requirements.
The Form 4 uses transaction code F and includes an explicit explanation that shares were withheld for tax withholding on vested RSUs. This matches accepted practice for executive compensation settlements. The filing is timely and properly signed by an attorney-in-fact, suggesting appropriate governance and disclosure controls.