Form 4: Scholastic Director Milena Alberti-Perez Receives Restricted Stock Unit Grant

Scholastic Corporation Director Milena Alberti-Perez was granted 784 restricted stock units, valued at $31.88 per share, scheduled to vest by September 18, 2025.

Summary

• Milena Alberti-Perez, a Director of Scholastic Corp (SCHL), acquired 784 shares of common stock.
• The acquisition occurred on July 16, 2025, at a price of $31.88 per share.
• This represents a grant of restricted stock units (RSUs) under the Amended and Restated Scholastic Corporation Outside Directors Stock Incentive Plan.
• The RSUs are scheduled to vest on the earlier of September 18, 2025, or the date of the Company's 2025 annual stockholder meeting.
• Following this transaction, Milena Alberti-Perez directly beneficially owns 784 shares.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive event as it aligns the director's interests with long-term shareholder value and is a standard component of compensation.

Positives

• The grant of restricted stock units aligns the director's financial interests with the long-term performance and shareholder value of Scholastic Corporation.
• This transaction is part of a standard compensation plan for outside directors, indicating established corporate governance practices.

Future Outlook

The granted restricted stock units are scheduled to vest on the earlier of September 18, 2025, or the date of Scholastic Corporation's 2025 annual stockholder meeting.

Industry Context

The grant of restricted stock units to an outside director is a common practice in publicly traded companies across various industries, including publishing and media, as a form of non-cash compensation designed to align the interests of board members with long-term shareholder value.

Comparison to Industry Standards

• Equity grants to directors, such as restricted stock units, are a common and widely accepted practice across various industries, including publishing and media, to align the interests of board members with those of shareholders.
• While specific grant sizes vary based on company size, director responsibilities, and overall compensation philosophy, the mechanism of granting RSUs is standard.
• For instance, companies like Pearson plc or Houghton Mifflin Harcourt, while not direct comparables in all aspects, also utilize equity-based compensation for their non-executive directors to foster long-term commitment and performance alignment.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to Director Milena Alberti-Perez constitutes a related party transaction, as it involves the company and a member of its board of directors. This is a standard compensation mechanism for directors.

Stakeholder Impact

• Shareholders: Positive impact due to increased alignment of the director's interests with long-term shareholder value through equity ownership.
• Employees: No direct impact mentioned in this filing.

Next Steps

• Vesting of the 784 restricted stock units on the earlier of September 18, 2025, or the date of the Company's 2025 annual stockholder meeting.

Key Dates

Recommendation

Keywords

Scholastic, SCHL, Form 4, insider transaction, restricted stock units, RSU, director compensation, equity grant, beneficial ownership