SCHOLASTIC CORP 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table provides information with respect to repurchases of shares of Common Stock by the Corporation during the three months ended February 29, 2024: Issuer Purchases of Equity Securities (Dollars in millions, except per share amounts) Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Maximum number of shares (or approximate dollar value) that may yet be purchased under the plans or programs (i) December 1 through December 31, 2023 254,272 $37.73 254,272 $90.4 January 1 through January 31, 2024 655,383 38.43 655,383 65.2 February 1 through February 29, 2024 495,061 38.76 495,061 46.0 Total 1,404,716 1,404,716 $46.0 (i) Represents the amount remaining at February 29, 2024 under the current $66.2 Board authorization for Common share repurchases announced on December 13, 2023, which is available for further repurchases, from time to time as conditions allow, on the open market or through privately negotiated transactions. See Note 12 of Notes to Condensed Consolidated Financial Statements - unaudited in Item 1, “Financial Statements,” for a description of the Company’s share buy-back program and share repurchase authorizations. On March 20, 2024, the Board authorized an increase of $54.6 million for common stock repurchases, resulting in a current Board authorization of $100.0 million, which includes the remaining amount from the previous Board authorization less share repurchases of $0.6 million subsequent to February 29, 2024. 36 SCHOLASTIC CORPORATION