Form 4: Scholastic Corp Executive Iole Lucchese Reports Stock Transactions

Iole Lucchese, EVP & Chief Strategy Officer of Scholastic Corp, reports the disposal of shares to cover taxes and indirect ownership through the Estate of M. Richard Robinson, Jr.

Summary

• Iole Lucchese, EVP & Chief Strategy Officer of Scholastic Corp, filed a Form 4.
• On September 26, 2024, Ms. Lucchese disposed of 1,171 shares of Common Stock at a price of $30.02 to cover taxes owed upon the vesting of restricted stock units.
• Following the transaction, Ms. Lucchese directly owns 71,133 shares of Scholastic Corp.
• Ms. Lucchese also has indirect ownership of 579,247 shares through the Estate of M. Richard Robinson, Jr., for which she is a preliminary executor.
• Ms. Lucchese disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Management Comments

• Ms. Lucchese disclaims beneficial ownership of the securities held by the Estate of M. Richard Robinson, Jr. except to the extent of her pecuniary interest therein.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates