SCHL - Options Exercise: Andrew S. Hedden Esq. At Scholastic Realizes $164K | Benzinga
On January 16, it was revealed in an SEC filing that Andrew S. Hedden Esq., EVP at Scholastic (NASDAQ:SCHL) executed a significant exercise of company stock options.
What Happened: Esq., EVP at Scholastic, exercised stock options for 23,289 shares of SCHL stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The exercise price of the options was $30.17 per share.
Scholastic shares are trading down 0.0% at $37.24 at the time of this writing on Wednesday morning. Since the current price is $37.24, this makes Esq.'s 23,289 shares worth $164,653.
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Scholastic Corp is an American publishing and education media company that focuses on books and educational material for schools, teachers, parents, and children. The company is one of the world's largest publishers of children's books and also owns exclusive rights to various books, including Harry Potter and The Hunger Games. Some of the company's original titles include Clifford the Big Red Dog, Goosebumps, and The Magic School Bus. It has three reportable segments Children's Book Publishing and Distribution, Education Solutions and International. It majority of its revenue is from the Children's Book Publishing and Distribution segment.
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