ARNOLD FREDERICK 4
4 · NAVIENT CORP · Filed Feb 7, 2020
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
ARNOLD FREDERICK
Director
Transactions
- Award
Common Stock
2020-02-06+9,219→ 28,551 total
Footnotes (2)
- [F1]Grant of restricted stock to a non-employee director under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis subject to continued active service on the Navient Board of Directors as follows: 25% on the grant date (Feb 6, 2020); 25% on May 1, 2020; 25% on August 1, 2020; and 25% on November 1, 2020.
- [F2]Dividend equivalent rights accrued on previously unvested restricted stock awards are included in the reporting person's beneficial ownership balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation common stock.