GREIG HENRY F 4

What Happened Greig Henry, a director of SLM Corporation (SLM), was granted 1,274 shares of SLM common stock on 2026-03-18 as an award (transaction code A). The per-share value of the award is equal to SLM's closing sales price on the grant date, so the total dollar value equals that closing price multiplied by 1,274. This was a compensation award (received in lieu of the quarterly cash retainer and committee fees), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18; filing date: 2026-03-19 (filed promptly the next day).
• Securities received: 1,274 shares; reported acquisition price: $0.00 on the Form 4 (standard for grants—actual value = closing price on grant date).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 — shares granted in lieu of quarterly cash retainer and committee fees; per-share value equals closing price on grant date. F2 — includes Dividend Equivalent Units issued in connection with restricted common stock held by the reporting person.
• Transaction type: Award/Grant (A). No 10b5-1 plan, tax withholding, or late filing is indicated in this report.

Context Director grants like this are routine compensation and do not, by themselves, signal management trading intent. The award converted cash retainer/fees into stock, aligning compensation with shareholder interests. Dividend Equivalent Units noted in the filing relate to restricted stock holdings and reflect dividend accruals rather than additional open-market purchases.