4//SEC Filing
YOWAN DAVID L. 4
Accession 0001127602-23-015993
CIK 0001593538other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 5:18 PM ET
Size
7.3 KB
Accession
0001127602-23-015993
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
YOWAN DAVID L.
DirectorPresident & CEO
Transactions
- Award
Common Stock
2023-05-15$15.11/sh+105,890$1,599,998→ 161,856.614 total - Award
Common Stock
2023-05-15$15.11/sh+158,835$2,399,997→ 320,691.614 total
Footnotes (3)
- [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 common stock and vest 50% on the first anniversary of the grant date (May 15, 2024) and 50% on December 31, 2024.
- [F2]Dividend equivalent rights (58.6139) units issued on previously unvested restricted stock are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation (the "Company") 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. The first 50% will vest on the first anniversary of the grant date (May 15, 2024) and 50% on December 31, 2024. The service and performance conditions shall be approved by the Navient Corporation Compensation and Human Resources Committee (the "Committee") and shall be set forth in the form of PSU award agreement approved by the Committee.
Documents
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
Related Parties
1- filerCIK 0001702781
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 5:18 PM ET
- Size
- 7.3 KB