Scholastic withholds 1,119 counsel shares for taxes
Direct common-stock holdings after the transaction were reported as 11,455 shares.
Rhea-AI Filing Summary
Scholastic Corp EVP, General Counsel Chris Lick had 1,119 common shares withheld on September 23, 2026, to cover taxes owed upon vesting 3,103 restricted stock units. The reported price was $35.09 per share. Chris Lick reported 11,455 directly held shares following the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 1,119 shares
Tax Withholding
1 txn
Insider
Lick Chris
Role
EVP, GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,119 | $35.09 | $39K |
Holdings After Transaction:
Common Stock — 11,455 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld to cover taxes owed upon the vesting 3,103 restricted stock units.
Key Figures
Shares withheld: 1,119 shares
Price per share: $35.09 per share
Restricted stock units: 3,103 restricted stock units
+1 more
4 metrics
Shares withheld
1,119 shares
Withheld to cover taxes owed upon vesting restricted stock units on September 23, 2026
Price per share
$35.09 per share
Reported for the September 23, 2026 transaction
Restricted stock units
3,103 restricted stock units
Units vesting when shares were withheld for taxes
Direct shares following transaction
11,455 shares
Chris Lick's reported direct holdings after the transaction
Key Terms
restricted stock units, tax liability, Rule 10b5-1 plan
3 terms
restricted stock units financial
"vesting 3,103 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.
tax liability financial
"Payment of tax liability by delivering or withholding securities"
Rule 10b5-1 plan financial
"no Rule 10b5-1 plan is reported"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was the SCHL transaction made under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for Chris Lick's transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.