Scholastic (SCHL) EVP Quinton Sasha: Shares Withheld for Taxes

What Happened
Quinton Sasha, Executive Vice President and President, CBG of Scholastic Corp. (SCHL), had 1,254 shares disposed on 2026-09-28 as tax withholding related to the vesting of restricted stock units (RSUs). The withheld shares were valued at approximately $41,056 (1,254 shares × $32.74). This is a routine tax-withholding transaction (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-28; Form filed: 2026-09-29 (timely filing).
• Price used for withholding: $32.74 per share. Total value withheld: ~$41,056.
• Footnote: F1 indicates these shares were withheld to cover taxes on the vesting of 2,706 RSUs.
• Implied net shares delivered on vesting: 2,706 RSUs − 1,254 withheld = 1,452 net shares (implied by the footnote).
• Shares owned after the transaction: not disclosed in the provided excerpt.

Context
Tax withholding on RSU vesting is a common administrative step and does not necessarily indicate the insider is selling shares as a market sentiment signal. This filing reports withholding to satisfy tax obligations rather than a voluntary sale or purchase.