Navient (NAVI) Director Diane Offereins Receives Award of 10,035 Shares

What Happened Diane E. Offereins, a director of Navient Corporation (NAVI), received a grant of 10,035 restricted common shares on September 24, 2026. The grant is reported at $0.00 per share (no cash paid at grant). This is an equity award (not an open-market purchase or sale) typically used as director compensation.

Key Details

• Transaction type: Award/Grant (Code A) of 10,035 restricted shares on 2026-09-24. Report filed 2026-09-25 (appears timely).
• Price reported: $0.00 per share (no cash exchanged).
• Vesting: Restrictions lift subject to continued board service — 33.33% on grant date (Sept 24, 2026), 33.33% on Nov 1, 2026, and 33.34% on Feb 1, 2027 (per footnote).
• Plan: Grant made under the Navient Corporation 2024 Omnibus Incentive Plan to a non-employee director.
• Shares owned after transaction: Not disclosed in the provided filing.

Context Restricted stock awards to directors are common compensation and do not indicate an open-market purchase or sale. Because portions vest immediately and subsequently, some shares will become freely transferable only as each service-based vesting date is reached. This filing is informational; it records the grant and vesting schedule rather than a cash transaction.