SCHOLASTIC (SCHL) Insider: 176 Shares Disposed at $27.69
Chris Lick, Executive Vice President and General Counsel of SCHOLASTIC CORP (SCHL), reported a disposition of 176 shares of common stock on 10/01/2025 at a price of $27.69 per share.
Rhea-AI Filing Summary
Chris Lick, Executive Vice President and General Counsel of SCHOLASTIC CORP (SCHL), reported a disposition of 176 shares of common stock on 10/01/2025 at a price of $27.69 per share. After the transaction, he beneficially owns 12,574 shares directly. The Form 4 explanation states these 176 shares were withheld to cover taxes related to the vesting of 486 restricted stock units. The filing is signed by an attorney-in-fact on behalf of Mr. Lick on 10/02/2025. The entry uses transaction code F (often indicating a sale to cover tax withholding) and shows no derivative transactions reported.
Positive
- 12,574 shares remain beneficially owned by the reporting person after the transaction
- Disposition was a tax-withholding action related to 486 vested restricted stock units, not an explicit open-market sale for cash
Negative
- A disposition of 176 shares occurred on 10/01/2025 at $27.69 per share
- The transaction required withholding, indicating a taxable vesting event for 486 RSUs
Insights
Insider withheld shares to satisfy taxes; retains 12,574 shares.
The Form 4 discloses a 10/01/2025 disposition of 176 common shares at $27.69, with an explanation that the shares were withheld to cover taxes on 486 vested restricted stock units. This transaction is reported under code F, consistent with tax-withholding actions rather than an open-market sale for liquidity.
Retention of 12,574 shares after the withholding maintains ongoing insider ownership and shows the transaction was administrative in nature. The filing was executed by an attorney-in-fact and contains no additional derivative transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 176 | $27.69 | $5K |
Footnotes (1)
- F1. Represents shares withheld to cover taxes owed upon the vesting 486 restricted stock units.
FAQ
What did the SCHL Form 4 filed for Chris Lick report?
What transaction code is used and what does it indicate?
Does the Form 4 report any option or derivative activity for SCHL?
When was the Form 4 signed and by whom?
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