4//SEC Filing
Fisher Joe 4
Accession 0001127602-25-003983
CIK 0001593538other
Filed
Feb 9, 7:00 PM ET
Accepted
Feb 10, 9:34 PM ET
Size
11.4 KB
Accession
0001127602-25-003983
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
Fisher Joe
EVP, CFO & PAO
Transactions
- Award
Common Stock
2025-02-07$13.58/sh+46,023$624,992→ 302,952.388 total - Tax Payment
Common Stock
2025-02-06$13.79/sh−5,251$72,385→ 256,929.388 total - Tax Payment
Common Stock
2025-02-09$13.58/sh−5,917$80,353→ 345,260.388 total - Award
Common Stock
2025-02-07$12.96/sh+48,225$624,996→ 351,177.388 total
Footnotes (4)
- [F1]As previously reported, on February 6, 2023, the reporting person was granted 33,033 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 6, 2025, 11,011 shares of such RSUs were settled and an additional 894.568 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 5,251 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]RSUs Represents a grant of common stock to the reporting person in the form of RSUs pursuant to the Navient Corporation 2024 Omnibus Incentive Plan. The RSUs will be settled solely by delivery of shares of Navient common stock and vest in one-third increments on each of the first, second and third anniversaries of the grant date.
- [F3]Represents a grant of common stock to the reporting person in the form of performance stock units ("PSUs") to be settled solely by delivery of shares of Navient common stock. A specified percentage of this target award will vest and be settled based upon the satisfaction of certain performance conditions over a three-year performance period ending on the final day of fiscal year 2027. The performance conditions shall be approved by the Committee in connection with Navient's 2025 Long-Term Incentive Program and shall be set forth in the form of PSU award agreement approved by the Committee.
- [F4]As previously reported, on February 9, 2024, the reporting person was granted 38,604 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 9, 2025, 12,868 shares of such RSUs were settled and an additional 548.353 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 5,917 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 0001828483
Filing Metadata
- Form type
- 4
- Filed
- Feb 9, 7:00 PM ET
- Accepted
- Feb 10, 9:34 PM ET
- Size
- 11.4 KB