CABRAL ANNA ESCOBEDO 4
4 · NAVIENT CORP · Filed Feb 6, 2018
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
CABRAL ANNA ESCOBEDO
Director
Transactions
- Award
Phantom Stock Units
2018-02-05+9,537.784→ 30,255.605 total→ Common Stock (9,537.784 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 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 2018 annual meeting of shareholders, which meeting is currently scheduled for May 24, 2018.
- [F2]Dividends accrued on phantom stock units pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors are included in the reporting person's holding balance.