Item 2. Unregistered Sales of Equity Securities
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 28, 2025:
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, 2024 through December 31, 2024 235,336 $21.23 235,336 $71.6
January 1, 2025 through January 31, 2025 237,344 $21.05 237,344 $66.6
February 1, 2025 through February 28, 2025 977,594 $20.44 977,594 $46.6
Total 1,450,274 1,450,274 $46.6
(i) Represents the amount remaining at February 28, 2025 under the Board authorization for Common share repurchases announced on March 20, 2024, 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. Subsequent to February 28, 2025, the Board authorized an increase of $53.4 million for common stock repurchases, resulting in a current Board authorization of $100 million, which includes the remaining amount from the previous Board authorization.
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SCHOLASTIC CORPORATION
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.