Form 4: Iole Lucchese Reports Acquisition of Scholastic Corp Shares and Indirect Ownership Through Estate

Iole Lucchese, EVP & Chief Strategy Officer of Scholastic Corp, reports acquiring 17,516 shares of common stock and disclaims beneficial ownership of shares held by the Estate of M. Richard Robinson, Jr., except to the extent of her pecuniary interest.

Summary

• On October 1, 2024, Iole Lucchese, EVP & Chief Strategy Officer of Scholastic Corp, acquired 17,516 shares of common stock at a price of $30.83 per share.
• Following this transaction, Ms. Lucchese directly owns 88,649 shares of Scholastic Corp.
• Ms. Lucchese is a preliminary executor of the Estate of M. Richard Robinson, Jr., which holds 579,247 shares of Scholastic Corp.
• Ms. Lucchese disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction by an insider. It doesn't inherently convey positive or negative sentiment.

Management Comments

• Ms. Lucchese disclaims beneficial ownership of the shares held by the Estate of M. Richard Robinson, Jr., except to the extent of her pecuniary interest therein.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies like Scholastic Corp.

Key Dates