NAVIENT CORP 4
4 · NAVIENT CORP · Filed Feb 7, 2017
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
CABRAL ANNA ESCOBEDO
Director
Transactions
- Award
Phantom Stock Units
2017-02-06+8,397.933→ 19,819.436 total→ Common Stock (8,397.933 underlying)
Footnotes (2)
- [F1]Phantom stock units acquired pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors. Phantom stock units are to be settled in shares of Navient Corporation common stock, on a one-to-one basis, upon the reporting person's separation from service. The phantom stock units will vest if the reporting person is re-elected as a director at the Company's 2017 annual meeting of shareholders, which meeting is currently scheduled for May 25, 2017.
- [F2]Dividends accrued on phantom stock units pursuant to the terms of the Director Deferred Compensation Plan are included in the reporting person's holding balance.