4//SEC Filing
Fisher Joe 4
Accession 0001127602-25-008411
CIK 0001593538other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 6:53 PM ET
Size
5.9 KB
Accession
0001127602-25-008411
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
Fisher Joe
EVP, CFO & PAO
Transactions
- Tax Payment
Common Stock
2025-03-03$13.91/sh−7,096$98,705→ 319,277.255 total
Footnotes (3)
- [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, 2022. 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 2024. On January 23, 2025, the Compensation and Human Resources Committee approved the achievement of the 2022-2024 PSUs at 46% of target resulting in the settling on March 3, 2025, of 14,268.280 shares of such PSUs and an additional 1,820.760 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.
- [F2]In connection with this settlement, 7,096 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]The reporting person's common stock balance reflects the forfeiture of 18,887.133 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 2022 - 2024 performance period.
Documents
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
Related Parties
1- filerCIK 0001828483
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 6:53 PM ET
- Size
- 5.9 KB