4//SEC Filing
HELEEN MARK L 4
Accession 0001127602-24-007874
CIK 0001593538other
Filed
Feb 29, 7:00 PM ET
Accepted
Mar 1, 4:22 PM ET
Size
7.3 KB
Accession
0001127602-24-007874
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
HELEEN MARK L
EVP & Chief Legal Officer
Transactions
- Tax Payment
Common Stock
2024-02-28$15.75/sh−7,414$116,771→ 403,611.423 total
Holdings
- 11,469.175(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 4, 2021. 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 2023. On January 26, 2024, the Compensation and Human Resources Committee approved the achievement of the 2021-2023 PSUs at 46.36% of target resulting in the settling on February 28, 2024, of 14.683.1392 shares of such PSUs and an additional 1,754.4984 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.
- [F2]In connection with this settlement, 7,414 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 0.6376 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]The reporting person's common stock balance reflects the forfeiture of 19,018.8715 PSUs from the reporting person's beneficial ownership because the Company failed to meet the threshold performance level established for the PSUs granted for the 2021 - 2023 performance period.
- [F5]Between February 9, 2024, and February 28, 2024, the reporting person acquired 250.1795 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, 2024.
Documents
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
Related Parties
1- filerCIK 0001451729
Filing Metadata
- Form type
- 4
- Filed
- Feb 29, 7:00 PM ET
- Accepted
- Mar 1, 4:22 PM ET
- Size
- 7.3 KB