Lutz Laurent Charles 4
4 · SLM CORP · Filed Jan 30, 2018
Insider Transaction Report
Form 4
SLM CORPSLM
Lutz Laurent Charles
EVP & General Counsel
Transactions
- Award
Common Stock
2018-01-26+38,726→ 403,888 total - Tax Payment
Common Stock
2018-01-26$11.62/sh−753$8,750→ 420,806 total - Award
Common Stock
2018-01-26+17,671→ 421,559 total
Footnotes (3)
- [F1]A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2012 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") common stock. Subject to continuing employment, these RSUs vest in one-third increments on January 26, 2019, 2020 and 2021.
- [F2]A portion of the reporting person's 2017 Management Incentive Plan Award was granted in the form of RSUs that carry transfer restrictions that lapse in one-third increments on January 26, 2019, 2020 and 2021, regardless of continued employment.
- [F3]Represents shares of the Company common stock required to be withheld to satisfy the reporting person's tax withholding obligations upon the grant of RSUs.