Lucchese Iole sold SCHL
April 18, 2024 · Form 4 insider transaction
Lucchese Iole sold 400,000 shares of Scholastic Corporation at $33.51 per share, a transaction worth $13.40M. The trade was recorded as open-market sale and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
On April 18, 2024, the Estate of M. Richard Robinson, Jr.. agreed to sell 400,000 shares of Common Stock, par value $.01 per share to the Issuer in a privately negotiated transaction for an aggregate cash amount of $13,402,584.; Reported purchase price rounded up from $33.50646 per share.; As previously disclosed, Ms. Lucchese is a preliminary executor of the Estate of M. Richard Robinson, Jr. These securities are held by the Estate of M. Richard Robinson, Jr. Ms. Lucchese disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein.