KLANE LARRY A 4
4 · NAVIENT CORP · Filed Feb 7, 2020
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
KLANE LARRY A
Director
Transactions
- Award
Phantom Stock Units
2020-02-06+9,219.858→ 9,219.858 total→ Common Stock (9,219.858 underlying)
Footnotes (1)
- [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 with continued active service on the Navient Board of Directors as follows: 25% will vest on the grant date (Feb 6, 2020); 25% will vest on May 1, 2020; 25% will vest on August 1, 2020; and 25% will vest on November 1, 2020.