4//SEC Filing
HAUBER STEPHEN M 4
Accession 0001127602-24-003402
CIK 0001593538other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 5:06 PM ET
Size
8.2 KB
Accession
0001127602-24-003402
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
HAUBER STEPHEN M
EVP & Chief Admin Officer
Transactions
- Tax Payment
Common Stock
2024-02-04$16.18/sh−3,748$60,643→ 235,682.46 total - Tax Payment
Common Stock
2024-02-04$16.18/sh−3,175$51,372→ 232,507.46 total
Footnotes (5)
- [F1]As previously reported, on February 4, 2021, the reporting person was granted 20,325 restricted stock units ("RSUs") under the Navient Corporation 2014 Omnibus Incentive Plan (the "Plan") representing the right to receive shares of Navient Corporation ("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, 2024, 6,775 shares of such RSUs were settled and an additional 810.2423 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 3,748 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]Reflects the disposition of 0.2423 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan.
- [F3]The reporting person's common stock balance includes 469 shares acquired under the Navient Corporation Employee Stock Purchase Plan.
- [F4]Dividend equivalent rights 3,659.2814 issued on RSUs 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 common stock.
- [F5]As previously reported, on February 4, 2022, the reporting person was granted 19,781 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, 2024, 6,594 shares of such RSUs were settled and an additional 537 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 3,175 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 0001710338
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 5:06 PM ET
- Size
- 8.2 KB