Lawson Michael A 4
4 · NAVIENT CORP · Filed Jun 5, 2026
Research Summary
AI-generated summary of this filing
Navient (NAVI) Director Michael Lawson Receives Restricted Stock Award
What Happened Michael A. Lawson, a member of Navient Corporation's Board of Directors, was granted 18,018 restricted shares of Navient common stock on June 4, 2026. The grant price was $7.77 per share, for a total grant value of approximately $140,000. This was an award (code A) under the Navient Corporation 2024 Omnibus Incentive Plan to a non-employee director.
Key Details
- Transaction date: June 4, 2026; filing date (Form 4): June 5, 2026 (timely).
- Grant: 18,018 restricted shares at $7.77 per share; total value ≈ $140,000.
- Vesting schedule (per footnote): 25% vested on the grant date (June 4, 2026), then 25% on Aug 1, 2026; 25% on Nov 1, 2026; and 25% on Feb 1, 2027, subject to continued board service.
- Dividend equivalents: 186.324 dividend-equivalent units from previously unvested restricted shares are included in the reporting person's reported common stock balance; each unit equals one share (footnote).
- Total shares held after the grant are not specified in the filing.
Context This transaction is a standard director compensation grant of restricted stock rather than an open-market purchase or sale. Restricted shares vest over time and carry service conditions; the immediate 25% vesting on the grant date is noted. Awards like this are routine for non-employee directors and should be viewed as compensation, not a direct market sentiment signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-04$7.77/sh+18,018$140,000→ 55,928.256 total
Footnotes (2)
- [F1]Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2024 Omnibus Incentive Plan. The restrictions lift on a quarterly basis subject to continued active service on the Navient Board of Directors as follows: 25% on the grant date (June 4, 2026); 25% on August 1, 2026; 25% on November 1, 2026; and 25% on February 1, 2027.
- [F2]Dividend equivalent rights (186.324 units) issued on previously unvested restricted are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation common stock.