4//SEC Filing
GREEN DAVID S 4
Accession 0001127602-25-009105
CIK 0001593538other
Filed
Mar 10, 8:00 PM ET
Accepted
Mar 11, 5:20 PM ET
Size
6.0 KB
Accession
0001127602-25-009105
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
GREEN DAVID S
EVP, Cnsmr Lend & CEO, Earnest
Transactions
- Tax Payment
Common Stock
2025-03-03$13.91/sh−1,146$15,941→ 152,320.685 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 as of 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 2,839.120 shares of such PSUs and an additional 362.297 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.
- [F2]In connection with this settlement, 1,146 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 3,758.186 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 0002060146
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 8:00 PM ET
- Accepted
- Mar 11, 5:20 PM ET
- Size
- 6.0 KB