SCHEDULE 13G/A: Andrew S. Hedden Discloses 7.8% Beneficial Ownership in Scholastic Corporation

Andrew S. Hedden has filed an amendment to Schedule 13G, reporting beneficial ownership of 7.8% of Scholastic Corporation's common stock as of December 31, 2024, primarily through various Robinson family trusts.

Summary

• Andrew S. Hedden reported beneficial ownership of 2,151,145 shares of Scholastic Corporation's Common Stock.
• This ownership represents 7.8% of the total class of securities.
• Mr. Hedden holds sole voting and dispositive power over 201,614 shares.
• He holds shared voting and dispositive power over 1,949,531 shares.
• The shared ownership includes shares held by the Richard Robinson Charitable Trust (68,138 shares), the Richard Robinson Family Trust (49,681 shares), and the Trust under the Will of Maurice R. Robinson (1,507,402 Common Stock shares and 324,310 Class A Stock shares convertible into Common Stock).
• Andrew S. Hedden serves as a trustee for the Richard Robinson Charitable Trust, the Richard Robinson Family Trust, and the Maurice R. Robinson Trust.
• Other trustees of the Maurice R. Robinson Trust with shared voting and investment power include Barbara Robinson Buckland, Florence Robinson Ford, Mary Sue Robinson Morrill, and William W. Robinson.

Sentiment

Score: 5

Explanation: This is a routine ownership disclosure filing (Schedule 13G Amendment No. 16) and does not contain information that would typically indicate positive or negative sentiment regarding the company's operational or financial performance. It is a factual report of beneficial ownership.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership and does not provide information related to broader industry trends or competitive landscape. It focuses solely on the ownership structure of Scholastic Corporation's shares by a specific individual and related trusts.

Related Party Transactions

• Andrew S. Hedden's beneficial ownership includes shares held by the Richard Robinson Charitable Trust, the Richard Robinson Family Trust, and the Trust under the Will of Maurice R. Robinson, for which he serves as a trustee. These trusts are associated with the Robinson family, founders of Scholastic Corporation, indicating related party holdings.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes held by an individual associated with the founding family and related trusts, which can influence perceptions of corporate control and stability.

Key Dates

Keywords

Scholastic Corporation, Andrew S. Hedden, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership, Robinson Family Trusts, Corporate Governance