Form 4: Scholastic Corp Executive Elizabeth Polcari Reports Stock Transaction
SEC Form 4 Filing
EVP Elizabeth Polcari reports disposition of Scholastic Corp shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 20, 2024, Elizabeth Polcari, EVP and President, Education Solutions at Scholastic Corp, reported a transaction involving the disposition of 638 shares of common stock.
- The shares were disposed of to cover taxes owed upon the vesting of 1,892 restricted stock units.
- The transaction was executed at a price of $31.59 per share.
- Following the transaction, Polcari directly owns 33,957 shares of Scholastic Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of stock transaction (disposal of shares). |
| 09/24/2024 | Date of signature on the Form 4 filing. |
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