4//SEC Filing
KANE JOHN M 4
Accession 0001127602-24-003411
CIK 0001593538other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 5:11 PM ET
Size
9.0 KB
Accession
0001127602-24-003411
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
KANE JOHN M
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2024-02-04$16.18/sh−5,337$86,353→ 480,137.971 total - Tax Payment
Common Stock
2024-02-04$16.18/sh−6,873$111,205→ 485,474.971 total
Holdings
- 9,085.122(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]Between December 14, 2023, and February 2, 2024, the reporting person acquired 112.0059 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 2, 2024.
- [F2]As previously reported, on February 4, 2021, the reporting person was granted 40,650 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, 13,550 shares of such RSUs were settled and an additional 1,620.4401 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 6,873 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.
- [F3]Reflects the disposition of 0.4401 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan.
- [F4]Dividend equivalent rights 1,570.4897 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 34,736 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, 11,579 shares of such RSUs were settled and an additional 944 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 5,337 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 0001605711
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 5:11 PM ET
- Size
- 9.0 KB