4//SEC Filing
YOWAN DAVID L. 4
Accession 0001127602-23-021848
CIK 0001593538other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 4:44 PM ET
Size
9.7 KB
Accession
0001127602-23-021848
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
YOWAN DAVID L.
DirectorPresident & CEO
Transactions
- Tax Payment
Common Stock
2023-08-01$18.87/sh−509$9,605→ 322,517.089 total
Footnotes (2)
- [F1]As previously reported, on February 6, 2023, the reporting person was granted 7,399 shares of restricted stock under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis as follows: 25% on the grant date (February 6, 2023); 25% on May 1, 2023; 25% on August 1,2023; and 25% on November 1, 2023. On August 1, 2023, 1,850 shares of such restricted stock was settled and an additional 36 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 509 shares were withheld by Navient, as approved by the Navient Compensation and Human Resources Committee (the "Committee"), to satisfy the reporting person's tax withholding obligations.
- [F2]Dividend equivalent rights (2,334.4749) issued on RES stock grants 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.
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
Related Parties
1- filerCIK 0001702781
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 4:44 PM ET
- Size
- 9.7 KB