Form 4: Scholastic Corp EVP Haji Glover Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Haji Glover, EVP & Chief Financial Officer of Scholastic Corp, disposed of 422 shares of common stock on January 22, 2025, to cover tax obligations upon the vesting of restricted stock units.
Summary
- On January 22, 2025, Haji Glover, the EVP & Chief Financial Officer of Scholastic Corp, disposed of 422 shares of common stock.
- The transaction was executed to cover taxes owed upon the vesting of 1,020 restricted stock units.
- The shares were disposed of at a price of $19.72 per share.
- Following the transaction, Glover directly owns 12,368 shares of Scholastic Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event; it's a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like Haji Glover, transact in their company's stock; this is a routine part of executive compensation and financial management.
Stakeholder Impact
- The transaction has minimal impact on shareholders as it is a small number of shares being disposed of by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/22/2025 | Date of stock disposal transaction. |
| 01/23/2025 | Date of signature on the Form 4 filing. |
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