ROBINSON RICHARD 4
4 · SCHOLASTIC CORP · Filed Sep 3, 2020
Insider Transaction Report
Form 4
SCHOLASTIC CORPSCHL
ROBINSON RICHARD
DirectorCEO, Chairman & President10% Owner
Transactions
- Exercise/Conversion
Common Stock
2020-09-01$22.54/sh+42,159$950,264→ 4,012,112 total - Tax Payment
Common Stock
2020-09-01$22.54/sh−18,333$413,226→ 3,993,779 total - Exercise/Conversion
Restricted Stock Units
2020-09-01$28.76/sh−42,159$1,212,493→ 0 totalFrom: 2020-09-01Exp: 2020-09-01→ Common Stock (42,159 underlying)
Footnotes (3)
- [F1]Restricted stock units ("RSUs") acquired by the reporting person on 9/1/2017 under the MSPP in lieu of cash bonus; converted into shares of Common Stock on a one-for-one basis on 9/1/2020, the first business day following expiration of the deferral period selected by the reporting person. RSU price is equal to 75% of the lowest closing price for the underlying Common Stock in the fiscal quarter ended August 31, 2017.
- [F2]Includes an increase of 1,250 shares in the 401(k) Plan since the last report.
- [F3]See Exhibit 99.1