4//SEC Filing
KANE JOHN M 4
Accession 0001127602-23-008457
CIK 0001593538other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 5:50 PM ET
Size
6.8 KB
Accession
0001127602-23-008457
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
KANE JOHN M
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2023-02-28$18.05/sh−22,573$407,443→ 635,219.267 total
Holdings
- 8,496.993(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 6, 2020. 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 2022. On January 27, 2023, the Compensation and Human Resources Committee approved the achievement of the 2020-2022 PSUs at 115% of target resulting in the settling on February 28, 2023, of 40,779.0000 shares of such PSUs and an additional 7,044.5948 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.
- [F2]In connection with this settlement, 22,573 shares were withheld by Navient (as approved by the Navient Compensation and Human Resources Committee) to satisfy the reporting person's tax withholding obligations.
- [F3]Reflects the disposition of 0.5948 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.
- [F4]Between February 6, 2023, and February 28, 2023, the reporting person acquired 490.5647 share equivalents of Navient common stock under the Navient 401(k) Savings Plan. The information in this report is based on the reporting person's actual account balance as of February 28, 2023.
Documents
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
Related Parties
1- filerCIK 0001605711
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 5:50 PM ET
- Size
- 6.8 KB