Hukkanen Paul 4
4 · SCHOLASTIC CORP · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Scholastic (SCHL) SVP Paul Hukkanen Exercises Options, Sells 10,000 Shares
What Happened Paul Hukkanen, Senior Vice President and Chief Accounting Officer of Scholastic, exercised 10,000 stock options by paying $21.03 per share (total cost $210,300) and on the same day sold 10,000 common shares in the open market at $39.40 per share for total proceeds of $394,000. The filing also shows the derivative position converted/removed (reported as a $0 disposition) in connection with the exercise.
Key Details
- Transaction dates: March 25, 2026 (exercise and sale). Form 4 filed March 27, 2026 (timely within reporting window).
- Exercise: 10,000 shares at $21.03 — total exercise cost $210,300.
- Sale: 10,000 shares at $39.40 — total gross proceeds $394,000.
- Derivative reporting: 10,000-option derivative reported disposed at $0, reflecting conversion/exercise.
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
- Footnote: The option grant vested in four equal annual installments beginning Oct 1, 2020.
Context This was an option exercise followed by an immediate open‑market sale of the resulting shares (common practice to realize gains or cover exercise cost). The filing is factual reporting of the transaction; it does not state the insider’s motivation.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-25$21.03/sh+10,000$210,300→ 23,620 total - Sale
Common Stock
2026-03-25$39.40/sh−10,000$394,000→ 13,620 total - Exercise/Conversion
Employee Stock Options (right to buy)
[F1]2026-03-25−10,000→ 0 totalExercise: $21.03Exp: 2027-10-01→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]The grant became exercisable in four equal annual installments beginning with the first anniversary of the date of grant of October 1, 2020.