McGarry Steven 4
4 · SLM Corp · Filed Feb 22, 2023
Insider Transaction Report
Form 4
SLM CorpSLM
McGarry Steven
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2023-02-18$14.57/sh−2,796$40,738→ 384,258.83 total - Award
Common Stock
2023-02-17+28,630→ 387,054.83 total
Footnotes (3)
- [F1]A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2021 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 17, 2024, 2025, and 2026.
- [F2]Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.
- [F3]On February 18, 2022, the reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to vesting conditions, to vest in one-third increments on February 18, 2023, 2024, and 2025. On February 18, 2023, 7,369 shares vested in connection with these RSUs, of which 2,796 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.