4//SEC Filing
KANE JOHN M 4
Accession 0001127602-22-007989
CIK 0001593538other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 4:29 PM ET
Size
6.8 KB
Accession
0001127602-22-007989
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
KANE JOHN M
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2022-03-01$17.06/sh−26,853$458,112→ 598,817.476 total
Holdings
- 7,641.068(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 5, 2019. Each PSU represents the right to receive one share of Navient Corporation ("Navient") common stock in the future, which target amount vests at a specified percentage and is settled based upon achieving certain performance conditions over a three-year performance period ending on the final day of fiscal year 2021. On January 27, 2022, the Compensation and Human Resources Committee approved the achievement of the 2019-2021 PSUs at 119% of target resulting in the settling on March 1, 2022, of 52,010.1400 shares of such PSUs and an additional 9,395.5691 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 26,853 shares were withheld by Navient (as approved by the Navient Compensation and Human Resources Committee) to satisfy the reporting person's tax withholding obligations.
- [F2]Reflects the disposition of 0.7091 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.
- [F3]Between February 4, 2022, and March 1, 2022, the reporting person's share equivalents of Navient common stock under the Navient 401(k) Savings Plan decreased by 640.3766. The information in this report is based on the reporting person's actual account balance as of March 1, 2022.
Documents
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
Related Parties
1- filerCIK 0001605711
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 4:29 PM ET
- Size
- 6.8 KB