Form 4: Scholastic Corp CEO Peter Warwick Reports Stock Transactions
SEC Form 4 Filing
CEO Peter Warwick reports acquisition and disposal of Scholastic Corp stock following vesting of performance share units.
Summary
- On July 22, 2024, Peter Warwick, the President & CEO of Scholastic Corp, acquired 24,455 shares of common stock at a price of $37.85 per share upon the vesting of performance share units granted on July 18, 2023.
- On the same day, Warwick disposed of 11,763 shares of common stock at $37.85 per share.
- Following these transactions, Warwick directly owns 102,675 shares of Scholastic Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 07/18/2023 | Date of grant for performance share units that vested. |
| 07/22/2024 | Date of stock acquisition and disposal. |
| 07/25/2024 | Date of signature on the Form 4 filing. |
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