Manvitz Ted 4
4 · SLM Corp · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
SLM (SLM) Director Ted Manvitz Receives Restricted Stock Award
What Happened
Ted Manvitz, a director of SLM Corporation (SLM), was awarded a total of 8,411 shares of Restricted Common Stock as director compensation across two grants: 7,349 shares on 2026-06-16 and 1,062 shares on 2026-06-17. The reported acquisition price for both grants is $0.00 (awarded stock), so no cash was paid by the reporting person. These awards are issued as part of SLM’s director compensation and are subject to vesting under the applicable 2026 Independent Director Restricted Stock Agreement.
Key Details
- Transaction dates and amounts: 2026-06-16 — 7,349 shares (award); 2026-06-17 — 1,062 shares (award). Reported price: $0.00 per share (awards). Total shares awarded: 8,411.
- Shares owned after transaction: Not specified in the provided filing summary.
- Notable footnotes from the filing:
- F1: Shares issued under the 2021 Omnibus Incentive Plan and 2026 Independent Director Restricted Stock Agreement; awards vest per that agreement.
- F2: Dividend Equivalent Units were included in connection with restricted shares held.
- F3: Some reported shares include those acquired under the company’s dividend reinvestment plan.
- F4: Awards represent shares received in lieu of the director’s quarterly cash retainer and committee fees; per-share value for those grants was equal to the closing price on the grant date.
- Filing timeliness: Form 4 was filed on 2026-06-18 for transactions on 2026-06-16 and 2026-06-17. This appears to be a timely filing under standard Form 4 reporting rules.
Context: These transactions are awards of restricted stock as compensation rather than open-market purchases or sales. Awards are routine for non-employee directors and are subject to vesting and other plan terms, so they do not necessarily signal immediate bullish or bearish insider sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-06-16+7,349→ 74,979.435 total - Award
Common Stock
[F4][F2][F3]2026-06-17+1,062→ 76,041.435 total
Footnotes (4)
- [F1]The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2026 Independent Director Restricted Stock Agreement (the "2026 Agreement") in partial payment of the annual retainer to independent directors. The Restricted Common Stock award is subject to vesting upon the terms set forth in the 2026 Agreement.
- [F2]Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.
- [F3]Includes shares of SLM Corporation's Common Stock (the "Shares") acquired under a dividend reinvestment plan.
- [F4]Represents a grant of Shares received in lieu of the reporting person's quarterly cash retainer and respective committee fees. The per share value of the Shares was equal to the closing sales price per share as of the grant date.