Scholastic (SCHL) EVP Quinton Sasha Withholds 2,786 Shares for Taxes

What Happened

• Quinton Sasha, Executive Vice President and President, Children’s Book Group at Scholastic (SCHL), had 2,786 shares withheld to cover taxes arising from the vesting of restricted stock units. The withholding was recorded on 2026-09-23 at $35.09 per share, a total value of approximately $97,761. This was a tax-withholding/cashless settlement related to the vesting of 6,012 RSUs, not an open-market sale for investment purposes.

Key Details

• Transaction date and price: 2026-09-23, 2,786 shares at $35.09 each.
• Total value withheld: ~$97,761.
• Reason: Shares withheld to cover taxes on the vesting of 6,012 restricted stock units (footnote F1).
• Shares owned after transaction: Not disclosed in the filing.
• Filing: Report filed 2026-09-25 reporting the 2026-09-23 transaction (filed within two business days; appears timely).
• Transaction type: Tax withholding/payment of tax liability (code F), not an open-market sale.

Context

• This was a routine tax-withholding event tied to RSU vesting (cashless settlement). Such withholdings are administrative and do not necessarily indicate the insider buying or selling shares as a statement of market sentiment. Purchases by insiders are typically considered a stronger signal of confidence than routine withholdings.