Form 4: Scholastic Corp Director Linda Li Acquires 3,920 Shares of Common Stock

Director Linda Li acquired 3,920 shares of Scholastic Corp common stock on September 18, 2024, through a grant of restricted stock units.

Summary

• On September 18, 2024, Linda Li, a director of Scholastic Corp, acquired 3,920 shares of common stock.
• The acquisition was a grant of restricted stock units at a price of $31.88 per share.
• These 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.
• Following the transaction, Linda Li directly owns 9,168 shares of Scholastic Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence, but it's a routine transaction.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock units will vest on the earlier of September 18, 2025, or the date of the company's 2025 annual stockholder meeting.

Industry Context

Director stock acquisitions are common and are often viewed as a sign of confidence in the company's future performance. This filing is a routine disclosure required by the SEC.

Stakeholder Impact

• The acquisition could have a slightly positive impact on shareholders due to the director's increased stake in the company.

Key Dates