Form 4: Scholastic Corp Executive Hedden Andrews S Reports Stock Transaction
SEC Form 4 Filing
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 20, 2024, Hedden Andrews S, EVP and General Counsel of Scholastic Corp, reported a transaction involving common stock.
- The transaction involved the disposition of 898 shares to cover taxes owed upon the vesting of 2,365 restricted stock units.
- The price per share for the disposition was $31.59.
- Following the transaction, Hedden Andrews S beneficially owns 72,027 shares of Scholastic Corp.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, 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 filing indicates a standard tax withholding procedure related to the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/20/2024 | Date of stock transaction (disposition of shares). |
| 09/24/2024 | Date of signature on the Form 4 filing. |
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