Jafarieh Nicolas 4
4 · SLM Corp · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
SLM Corp (SLM) EVP Nicolas Jafarieh RSUs Vest; 6,876 Shares Withheld
What Happened
Nicolas Jafarieh, Executive Vice President — Legal, Government & Community Affairs at SLM Corporation, had RSUs vest in mid‑February 2026 and the company withheld shares to satisfy tax withholding obligations. On Feb 16, 2026, 8,156 RSUs vested and 2,903 shares were withheld at $24.04 each (value $69,788). On Feb 17, 2026, 12,337 RSUs vested and 3,973 shares were withheld at $23.90 each (value $94,955). Total vested: 20,493 RSUs; total withheld for taxes: 6,876 shares (total value ≈ $164,743). These transactions are tax-withholding dispositions (Form 4 code F), not open-market sales.
Key Details
- Transaction dates and amounts:
- 2026-02-16: 2,903 shares withheld @ $24.04 = $69,788 (code F)
- 2026-02-17: 3,973 shares withheld @ $23.90 = $94,955 (code F)
- Vesting details:
- RSUs granted 02/16/2024: 8,156 vested on 02/16/2026 (2,903 withheld)
- RSUs granted 02/17/2023: 12,337 vested on 02/17/2026 (3,973 withheld)
- Total vested across the two dates: 20,493 RSUs
- Footnotes:
- F2: Includes Dividend Equivalent Units associated with the RSUs.
- Withheld shares were used to satisfy tax obligations (routine withholding).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Timeliness: Report filed 2026-02-18 for transactions on 02/16 and 02/17/2026 — appears timely.
Context
- Code F indicates shares were withheld to cover tax liabilities upon RSU vesting; this is a common administrative action and is different from an insider selling shares on the open market. These filings record beneficial ownership changes but do not, by themselves, imply a bullish or bearish signal.
Insider Transaction Report
Form 4
SLM CorpSLM
Jafarieh Nicolas
EVP -Legal, Govt, Comm Officer
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-16$24.04/sh−2,903$69,788→ 210,321.534 total - Tax Payment
Common Stock
[F3][F2]2026-02-17$23.90/sh−3,973$94,955→ 206,348.534 total
Footnotes (3)
- [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, 8,156 shares vested in connection with these RSUs, of which 2,903 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, 12,337 shares vested in connection with these RSUs, of which 3,973 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
Signature
/s/ Jeffrey Lipschutz (POA) for Nicolas Jafarieh|2026-02-18