Scholastic (SCHL) Director Walker Verdell Receives Award

What Happened

• Walker Verdell, a director of Scholastic Corporation (SCHL), received a grant of 3,700 restricted stock units (RSUs) on September 16, 2026.
• The RSUs are valued at $35.13 per share, for a total grant value of approximately $129,981. This was an award/compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-16; Filing date: 2026-09-18 (filed within the typical two-business-day Form 4 window).
• Grant size and valuation: 3,700 RSUs × $35.13 = ~$129,981.
• Vesting: Per the filing footnote, the RSUs vest on the earlier of September 16, 2027 or the date of the Company’s 2027 annual stockholder meeting.
• Shares owned after the transaction: Not provided in the supplied filing excerpt.
• Plan: Award granted under the Amended and Restated Scholastic Corporation Outside Directors Stock Incentive Plan.

Context

• This is a director compensation grant (RSUs) and does not represent an immediate cash purchase or sale; the RSUs generally convert to stock only upon vesting, so this award is routine compensation rather than a direct market signal about the director’s view.
• No 10b5‑1 plan, tax-withholding sale, or gift was indicated in the provided details.