Kennedy Daniel P 4
4 · SLM Corp · Filed Feb 9, 2021
Insider Transaction Report
Form 4
SLM CorpSLM
Kennedy Daniel P
SVP, Chief Operational Officer
Transactions
- Award
Stock Options (Right to Buy)
2021-02-05+77,262→ 77,262 totalExercise: $17.65From: 2024-02-05Exp: 2031-02-05→ Common Stock (77,262 underlying) - Award
Common Stock
2021-02-05+11,408→ 217,848.903 total
Footnotes (5)
- [F1]A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2012 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") Common Stock. Subject to continuing employment, these RSUs vest in one-third increments on February 5, 2022, 2023 and 2024.
- [F2]Includes Dividend Equivalent Units in connection with RSUs granted under the SLM Corporation 2012 Omnibus Incentive Plan.
- [F3]The exercise price is a 15% premium above the Common Stock closing price of $15.34 on the February 5, 2021 grant date.
- [F4]100% of the stock options cliff vest on the third anniversary of the February 5, 2021 grant date.
- [F5]The stock options will expire 10 years after the February 5, 2021 grant date.