McGarry Steven 4
4 · SLM Corp · Filed Feb 9, 2021
Insider Transaction Report
Form 4
SLM CorpSLM
McGarry Steven
Chief Financial Officer
Transactions
- Award
Common Stock
2021-02-05+14,667→ 322,871.19 total - Award
Stock Options (Right to Buy)
2021-02-05+99,337→ 99,337 totalExercise: $17.65From: 2024-02-05Exp: 2031-02-05→ Common Stock (99,337 underlying)
Footnotes (6)
- [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]Includes shares of Common Stock acquired under a dividend reinvestment plan.
- [F4]The exercise price is a 15% premium above the Common Stock closing price of $15.34 on the February 5, 2021 grant date.
- [F5]100% of the stock options cliff vest on the third anniversary of the February 5, 2021 grant date.
- [F6]The stock options will expire 10 years after the February 5, 2021 grant date.