NAVIENT CORP 8-K

What Happened

• Navient Corporation (NAVI) filed an 8-K reporting Board-approved leadership changes on January 6, 2026. Effective January 7, 2026, Steve Hauber (age 51) will assume the role of Executive Vice President, Chief Financial Officer and Principal Accounting Officer. Joe Fisher ceased serving as CFO effective January 6, 2026 and will support the transition before leaving the company during the first quarter of 2026. Troy Standish, Executive VP and COO, will take on added responsibility for technology and human resources.

Key Details

• Steve Hauber: promoted to EVP, CFO & Principal Accounting Officer effective Jan 7, 2026; base salary increased to $525,000 effective Jan 17, 2026. Target annual bonus expected at 125% of base salary. Expected equity awards: RSUs with grant date fair value $637,500 and PSUs with grant date fair value $637,500. RSUs vest one‑third on each of the first three anniversaries; PSUs vest based on 2026 LTIP performance conditions.
• Troy Standish: expanded responsibilities to include technology and HR; base salary increased to $450,000 effective Jan 17, 2026. Target annual bonus expected at 125% of base salary. Expected equity awards: RSUs and PSUs each with grant date fair value $450,000; RSUs vest one‑third annually over three years; PSUs tied to 2026 LTIP performance conditions.
• Joe Fisher: no longer serving as CFO as of Jan 6, 2026; will assist transition and depart in Q1 2026.
• Hauber background: with Navient since 2003; previously held senior roles in risk management, compliance and internal audit; will continue oversight of legal, internal audit, risk management and corporate compliance.

Why It Matters

• The company promoted an internal executive to CFO, signaling continuity in finance, risk and compliance oversight rather than an external hire. For investors, the changes clarify who will lead financial reporting and operations (CFO and COO responsibilities) and outline related compensation commitments. The announced salary increases and planned equity/bonus awards will affect executive compensation expense but were described as part of ordinary annual grant practices.