Form 4: Scholastic Corp Executive Sasha Quinton Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Sasha Quinton, EVP at Scholastic Corp, disposed of 848 shares of common stock on September 26, 2024, to cover tax obligations arising from vesting restricted stock units.
Summary
- On September 26, 2024, Sasha Quinton, an EVP at Scholastic Corp, disposed of 848 shares of common stock.
- The transaction was executed to cover taxes owed upon the vesting of 2,705 restricted stock units.
- The shares were disposed of at a price of $30.02 per share.
- Following the transaction, Quinton directly owns 29,144 shares of Scholastic Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Date of stock disposal transaction |
| 09/27/2024 | Date of signature for the Form 4 filing |
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