SCHOLASTIC CORP (SCHL) — Insider Trading

Key Insights

• Haji Glover, EVP and CFO of Scholastic Corp, sold 422 shares of common stock by forfeiting them to cover tax withholding on the vesting of 1,020 restricted stock units.
• The sale represents a small fraction of Glover's total beneficial ownership, which remains at 25,322 shares.
• Insider selling can sometimes signal reduced confidence in a company's prospects, but the modest amount sold here suggests this may not be the case for Scholastic.