SLM Corp (SLM) Director Richard Blackley Receives Award

What Happened
Richard Scott Blackley, a director of SLM Corporation (SLM), was granted 1,087 shares of common stock on 2026-09-16. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (total $0 on the form); a footnote clarifies the per-share value equals the market close price on the grant date and the award was issued in lieu of his quarterly cash retainer and committee fees.

Key Details

• Transaction date: 2026-09-16
• Form 4 filed: 2026-09-18 (timely filing)
• Transaction type: Grant/Award (code A) — 1,087 shares reported at $0.00 per share on the form; actual economic value equals closing price on grant date (per footnote F1).
• Footnote F1: Shares issued in lieu of cash retainer; per-share value equals closing sales price on grant date.
• Footnote F2: Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.
• Shares owned after transaction: Not disclosed in the provided filing.
• Accession No.: 0001628280-26-062717

Context
This was a routine director compensation award rather than an open-market purchase or sale; such grants are common for board retainer payments and do not necessarily indicate the director’s personal trading view. The Form 4 shows $0 because the grant was non-cash; to estimate the award’s dollar value, multiply 1,087 shares by SLM’s closing price on 2026-09-16.