Scholastic (SCHL) EVP Quinton Sasha Receives RSU Award

What Happened

• Quinton Sasha, EVP and President, CBG of Scholastic Corp. (SCHL), was granted 20,371 restricted stock units (transaction code A) on 2026-09-29. The grant is valued at $34.61 per share, totaling approximately $705,040. This was a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-29; filing date: 2026-10-01 (Form 4 filed within the usual two-business-day window).
• Grant size and price: 20,371 RSUs at $34.61 per share; total grant value ≈ $705,040.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 — RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
• Transaction type: Award/Grant (A). No 10b5-1 plan, tax-withholding, or late-filing flags noted in the provided details.

Context

• Restricted stock units are a form of compensation that convert to shares only as they vest; they do not represent an immediate purchase or sale of stock. Such grants are typically used for retention and to align executive interests with shareholders. This transaction is informational and does not by itself indicate the insider’s view of short-term share price movement.