Palmer Kerri A. 4
4 · SLM Corp · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
SLM EVP Kerri A. Palmer Receives RSU Vesting; Shares Withheld
What Happened Kerri A. Palmer, Executive Vice President & Chief Operational Officer of SLM Corporation (SLM), had restricted stock units (RSUs) vest in mid-February 2026. As part of the vesting, the company withheld 18,201 shares to satisfy the reporting person's tax withholding obligations. The withholdings were reported as dispositions (Form 4 code F) with an aggregate value of approximately $435,403.
- Feb 16, 2026: 2,849 shares withheld at $24.04 each = $68,490
- Feb 17, 2026: 12,221 shares withheld at $23.90 each = $292,082
- Feb 17, 2026: 3,131 shares withheld at $23.90 each = $74,831
Key Details
- Filing date: 2026-02-18; Report period includes transactions on 2026-02-16 and 2026-02-17. Filing appears timely.
- Transaction code: F — payment of exercise price or tax liability (shares withheld by the company). This typically reflects tax withholding on vested RSUs rather than an open-market sale initiated by the insider.
- Underlying grants / vesting:
- Grant dated Feb 16, 2024: 8,613 shares vested Feb 16, 2026; 2,849 withheld (F1).
- Grant(s) dated Feb 17, 2023: 34,671 shares vested Feb 17, 2026; 12,221 withheld (F3). Another tranche of 10,401 vested Feb 17, 2026; 3,131 withheld (F4).
- Dividend Equivalent Units are included in these RSUs (F2).
- Shares owned after the transactions: Not specified in the provided filing details.
Context
- This is a routine tax-withholding action tied to RSU vesting (a cashless withholding), not necessarily a market-sale signal. Purchases tend to be more informative as a bullish signal; withheld shares to cover taxes are common and do not indicate the insider actively selling shares for cash.
- No late-filing indication in the supplied data; the Form 4 was filed two days after the first vesting date.
Insider Transaction Report
Form 4
SLM CorpSLM
Palmer Kerri A.
EVP, Chief Operational Officer
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-16$24.04/sh−2,849$68,490→ 117,223.295 total - Tax Payment
Common Stock
[F3][F2]2026-02-17$23.90/sh−12,221$292,082→ 105,002.295 total - Tax Payment
Common Stock
[F4][F2]2026-02-17$23.90/sh−3,131$74,831→ 101,871.295 total
Footnotes (4)
- [F1]On February 16, 2024, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of Common Stock of SLM Corporation (the "Company"), subject to vesting conditions, to vest in one-third increments on February 16, 2025, 2026, and 2027. On February 16, 2026, 8,613 shares vested in connection with these RSUs, of which 2,849 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- [F2]Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.
- [F3]On February 17, 2023, 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 17, 2024, 2025, and 2026. On February 17, 2026, 34,671 shares vested in connection with these RSUs, of which 12,221 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- [F4]On February 17, 2023, 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 17, 2024, 2025, and 2026. On February 17, 2026, 10,401 shares vested in connection with these RSUs, of which 3,131 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
Signature
/s/ Jeffrey Lipschutz (POA) for Kerri A. Palmer|2026-02-18