Form 4: Scholastic Corp Director Kaya Henderson Reports Stock Grant and Disposal

Director Kaya Henderson reports acquisition of restricted stock units and disposal of common stock.

Summary

• On September 18, 2024, Kaya Henderson, a director of Scholastic Corp, acquired 3,920 shares of common stock through a grant of restricted stock units at a price of $31.88.
• These restricted stock units are part of the Amended and Restated Scholastic Corporation Outside Directors Stock Incentive Plan.
• The units are scheduled to vest on the earlier of September 18, 2025, or the date of the company's 2025 annual stockholder meeting.
• Henderson also disposed of 5,835 shares of common stock.
• Following these transactions, Henderson beneficially owns 5,835 shares of Scholastic Corp.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The restricted stock units are scheduled to vest on the earlier of September 18, 2025 or the date of the Company's 2025 annual stockholder meeting.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director stock ownership.
• The vesting of restricted stock units incentivizes the director to contribute to the company's long-term success.

Key Dates