UNGER LAURA S 4
4 · NAVIENT CORP · Filed Feb 8, 2021
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
UNGER LAURA S
Director
Transactions
- Award
Phantom Stock Units
2021-02-04+10,569.106→ 30,136.679 total→ Common Stock (10,569.106 underlying)
Footnotes (2)
- [F1]Represents 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 4, 2021); 25% will vest on May 1, 2021; 25% will vest on August 1, 2021; and 25% will vest on November 1, 2021.
- [F2]Dividends (2,411.9034 units) 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.