4//SEC Filing
Fisher Joe 4
Accession 0001127602-22-003751
CIK 0001593538other
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 5:06 PM ET
Size
14.0 KB
Accession
0001127602-22-003751
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
Fisher Joe
EVP, CFO & PAO
Transactions
- Tax Payment
Common Stock
2022-02-06$17.82/sh−721$12,848→ 140,833.384 total - Tax Payment
Common Stock
2022-02-04$17.82/sh−2,470$44,015→ 142,525.553 total - Award
Common Stock
2022-02-04+31,018→ 144,995.553 total - Tax Payment
Common Stock
2022-02-05$17.82/sh−971$17,303→ 141,554.384 total - Award
Common Stock
2022-02-04+28,198→ 113,977.553 total
Footnotes (7)
- [F1]Represents a grant of common stock to the reporting person in the form of restricted stock units ("RSUs") pursuant to the Navient Corporation 2014 Omnibus Incentive Plan (the "Plan"). The RSUs will be settled solely by delivery of shares of Navient Corporation ("Navient") common stock and vest in one-third increments on each of the first, second and third anniversaries of the grant date.
- [F2]Dividend equivalent rights (467.2473) issued on RSUs and PSUs are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient common stock.
- [F3]Represents a grant of common stock to the reporting person in the form of performance stock units ("PSUs") to be settled solely by delivery of shares of the Company's common stock. Upon vesting, a specified percentage of this target award will vest and be settled based upon the satisfaction of certain performance conditions over a three-year performance period ending on the final day of fiscal year 2024. The performance conditions shall be approved by the Committee in connection with the Company's 2022 Long-Term Incentive Program and shall be set forth in the form of PSU award agreement approved by the Navient Compensation and Personnel Committee (the "Committee").
- [F4]As previously reported, on February 4, 2021, the reporting person was granted 20,325 RSUs under the Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On February 4, 2022, 6,775 shares of such RSUs were settled and an additional 237 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 2,470 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.
- [F5]As previously reported, on February 5, 2019, the reporting person was granted 8,391 RSUs under the Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On February 5, 2022, 2,797 shares of such RSUs were settled and an additional 506.1690 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 971 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.
- [F6]Reflects the disposition of 0.1690 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan.
- [F7]As previously reported, on February 6, 2020, the reporting person was granted 6,382 RSUs under the Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On February 6, 2022, 2,128 shares of such RSUs were settled and an additional 265 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 721 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.
Documents
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
Related Parties
1- filerCIK 0001828483
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 5:06 PM ET
- Size
- 14.0 KB