Form 4: Scholastic Corp Executive Iole Lucchese Reports Transaction
SEC Form 4 Filing
Iole Lucchese, EVP & Chief Strategy Officer at Scholastic Corp, reports acquisition of common stock and indirect beneficial ownership through the Estate of M. Richard Robinson, Jr.
Summary
- On July 23, 2024, Iole Lucchese, EVP & Chief Strategy Officer of Scholastic Corp, acquired 1,654 shares of common stock at a price of $30.49 per share.
- Following the transaction, Ms. Lucchese directly owns 74,264 shares of Scholastic Corp common stock.
- Ms. Lucchese also has indirect beneficial ownership of 579,247 shares through the Estate of M. Richard Robinson, Jr., for which she is a preliminary executor.
- She disclaims beneficial ownership of these shares except to the extent of her pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral report of an insider transaction, with no inherent positive or negative sentiment.
Management Comments
- Ms. Lucchese disclaims beneficial ownership of the shares 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 insider trading activity, which is common for executives of publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 07/23/2024 | Date of transaction: Purchase of common stock. |
| 07/25/2024 | Date of signature on the report. |
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