Scholastic (SCHL) EVP Iole Lucchese Sells 289,624 Shares

What Happened Iole Lucchese, EVP & Chief Strategy Officer and a director at Scholastic, is named in a Form 4 reporting the disposition of 289,624 shares of Scholastic common stock. The shares were sold on August 26, 2026 at $39.76 per share for an aggregate cash amount of $11,515,537.13. The filing clarifies the shares were sold by the Estate of M. Richard Robinson, Jr. to the issuer in a privately negotiated transaction; Lucchese is a preliminary executor of that estate and disclaims beneficial ownership except to the extent of any pecuniary interest.

Key Details

• Transaction date: 2026-08-26
• Transaction type: Private sale to the issuer (reported as sale "S")
• Shares sold: 289,624 at $39.76 per share
• Total value: $11,515,537.13
• Footnote highlights:
  • F1: Sale was by the Estate of M. Richard Robinson, Jr. to the Issuer in a privately negotiated deal for $11,515,537.13.
  • F2: Lucchese is a preliminary executor of the estate and disclaims beneficial ownership except to the extent of any pecuniary interest.
  • F3: Filing notes inclusion of 6,982 unvested restricted stock units.
• Shares owned after the transaction: not specified in the provided summary (filing notes include the 6,982 unvested RSUs)
• Timeliness: Filed 2026-08-27 for a transaction on 2026-08-26 — appears timely.

Context This was a private sale between the estate and the company (an issuer repurchase), not an open-market sale by Lucchese personally. Because the filing states the securities were held by the estate and Lucchese disclaims beneficial ownership (except for any pecuniary interest), this transaction does not necessarily reflect the insider’s personal selling decision.