Form 4: Scholastic Corp Executive Elizabeth Polcari Reports Stock Transaction
SEC Form 4 Filing
EVP Elizabeth Polcari reports disposition of 552 shares of Scholastic Corp stock to cover taxes upon vesting of restricted stock units.
Summary
- On September 23, 2024, Elizabeth Polcari, EVP, PRESIDENT, EDUCATION SOL. of SCHOLASTIC CORP, disposed of 552 shares of common stock to cover taxes owed upon the vesting of 1,636 restricted stock units.
- The transaction was executed at a price of $31.26 per share.
- Following the transaction, Polcari directly owns 33,405 shares of Scholastic Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/23/2024 | Date of stock transaction (disposal of shares). |
| 09/24/2024 | Date of signature on the Form 4 filing. |
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