Form 4: Scholastic Corp Executive Hedden Andrews S Reports Stock Transaction
SEC Form 4
EVP and General Counsel of Scholastic Corp, Hedden Andrews S, reports disposition of shares to cover taxes upon vesting of restricted stock units.
Summary
- On September 26, 2024, Hedden Andrews S, EVP and General Counsel of Scholastic Corp, reported a transaction involving common stock.
- A total of 1,091 shares were disposed of to cover taxes owed upon the vesting of 2,705 restricted stock units.
- The transaction price was $30.02 per share.
- Following the transaction, Hedden Andrews S beneficially owns 70,315 shares of Scholastic Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Date of stock transaction (disposal of shares). |
| 09/27/2024 | Date of signature on the Form 4 filing. |
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