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NAVIENT CORP·4

Feb 10, 5:14 PM ET

HAUBER STEPHEN M 4

Research Summary

AI-generated summary

Updated

Navient (NAVI) CFO Stephen Hauber Sells Shares for Tax Withholding

What Happened
Stephen M. Hauber, Navient’s Executive Vice President, CFO & PAO, had a total of 11,108 shares withheld and disposed by the company to satisfy tax withholding on vested restricted stock units (RSUs). The withholdings occurred in three settlements: 2,962 shares on Feb 6, 2026 (@ $10.05, $29,768), 5,167 shares on Feb 7, 2026 (@ $10.05, $51,928), and 2,979 shares on Feb 9, 2026 (@ $10.03, $29,879). Aggregate value ≈ $111,575. These transactions are coded F (payment of exercise price or tax liability), i.e., employer withholding to cover taxes, not open-market selling for investment purposes.

Key Details

  • Transaction dates & prices:
    • Feb 6, 2026: 2,962 shares @ $10.05 = $29,768 (withheld on RSU settlement; see F1)
    • Feb 7, 2026: 5,167 shares @ $10.05 = $51,928 (withheld on RSU settlement; see F4)
    • Feb 9, 2026: 2,979 shares @ $10.03 = $29,879 (withheld on RSU settlement; see F5)
  • Total shares withheld/disposed: 11,108; total value ≈ $111,575.
  • Shares owned after transaction: filing excerpt does not state total post-transaction holdings; filing notes inclusion of dividend-equivalent rights (4,900.1110) and a previously unreported ESPP acquisition of 462.710 shares (acquired July 31, 2024) now added to holdings (F2, F3).
  • Notable footnotes:
    • F1/F4/F5: These withholdings arose from RSU vesting (grants from Feb 6, 2023; Feb 7, 2025; Feb 9, 2024) and related dividend-equivalent issuances; committee-approved withholding satisfied tax obligations.
    • F2: Dividend equivalent rights (4,900.1110) are included in reported holdings.
    • F3: The filing also corrects/updates a previously omitted ESPP purchase of 462.710 shares from July 31, 2024.
  • Timeliness: The Feb 6–9, 2026 transactions were reported in the Feb 10, 2026 Form 4. The ESPP acquisition from 2024 was previously omitted and is being reported now (late disclosure for that specific acquisition).

Context
These are routine employer tax-withholdings on vested RSUs (transaction code F). They are not open-market sales driven by the insider deciding to liquidate—rather, Navient withheld company shares to cover withholding taxes arising from vesting events. For retail investors, purchases by insiders are generally more informative than routine withholding disposals; this filing mainly documents compensation-related vesting and associated tax-related share withholding.