DIEFENDERFER WILLIAM M III 4
4 · NAVIENT CORP · Filed Feb 7, 2019
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
DIEFENDERFER WILLIAM M III
Director
Transactions
- Award
Phantom Stock Units
2019-02-05+17,045.455→ 91,475.646 total→ Common Stock (17,045.455 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 2019 annual meeting of shareholders, which meeting is currently scheduled for May 23, 2019.
- [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.