4//SEC Filing
YOWAN DAVID L. 4
Accession 0001127602-24-015853
CIK 0001593538other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 4:45 PM ET
Size
5.7 KB
Accession
0001127602-24-015853
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
YOWAN DAVID L.
DirectorPresident & CEO
Transactions
- Tax Payment
Common Stock
2024-05-15$15.60/sh−22,822$356,023→ 306,453 total
Footnotes (2)
- [F1]As previously reported, on May 15, 2023, the reporting person was granted 105,890 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 50% on the first anniversary of the grant date (May 15, 2024) and 50% on December 31, 2024. On May 15, 2024, 52,945 shares of such RSUs were settled and an additional 1,911 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 22,822 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 (4,865.5408) 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.
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, 4:45 PM ET
- Size
- 5.7 KB