Form 4: Scholastic Corp Executive Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jeffrey Mathews, EVP and Chief Growth Officer of Scholastic Corp, disposed of 652 shares of common stock on September 26, 2024, to cover tax obligations arising from vesting restricted stock units.
Summary
- On September 26, 2024, Jeffrey Mathews, the EVP and Chief Growth Officer of Scholastic Corp, disposed of 652 shares of common stock.
- The transaction was executed to cover taxes owed upon the vesting of 2,164 restricted stock units.
- The shares were disposed of at a price of $30.02 per share.
- Following the transaction, Mathews directly owns 21,881 shares of Scholastic Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to routine stock transactions for tax purposes. It doesn't indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, indicating insider activity related to stock compensation and tax obligations, which is common among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Date of stock disposal transaction |
| 09/27/2024 | Date of signature on the Form 4 filing |
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