CABRAL ANNA ESCOBEDO 4
4 · NAVIENT CORP · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Navient (NAVI) Director Anna Escobedo Cabral Receives Award
What Happened Anna Escobedo Cabral, a member of Navient Corporation’s Board of Directors, received a grant of 18,018.018 phantom stock units on June 4, 2026. The reported per-unit valuation was $7.77, for a total reported value of $140,000. This was an award (derivative grant), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-06-04; Form 4 filed 2026-06-05 (timely; within SEC reporting window).
- Grant: 18,018.018 phantom stock units valued at $7.77 each; total reported value $140,000.
- Vesting schedule (per footnote): 25% vested on grant date (4,504.5045 units), then 25% on 2026-08-01, 25% on 2026-11-01, and 25% on 2027-02-01.
- Derivative treatment: Phantom units are settled in Navient common shares on a one-for-one basis upon distribution.
- Dividend equivalents: 3,617.0899 dividend-equivalent units accrued on the phantom units are included in the reporting person’s holding balance.
- Shares owned after transaction: Not specified in the provided filing details.
- Filing timeliness: Report appears timely (filed the next day).
Context These are non-cash, deferred-compensation phantom stock units issued to a director under the Navient Deferred Compensation Plan for Directors. Phantom units are a derivative award that will convert to common shares upon distribution according to the plan rules and vesting schedule; they are not an immediate open-market purchase or sale and do not by themselves indicate a buy/sell market action.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2]2026-06-04$7.77/sh+18,018.018$140,000→ 84,915.134 total→ Common Stock (18,018.018 underlying)
Footnotes (2)
- [F1]Represents phantom stock units acquired pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors. Phantom stock units are settled in shares of Navient Corporation common stock, on a one-to-one basis, upon distribution. The Phantom stock units will vest with continued active service on the Navient Board of Directors as follows: 25% will vest on the grant date (June 4, 2026); 25% will vest on August 1, 2026; 25% will vest on November 1, 2026; and 25% will vest on February 1, 2027.
- [F2]Dividend equivalent rights (3,617.0899 units) accrued on phantom stock units pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors are included in the reporting person's holding balance.