Form 4 for NAVI NAVIENT CORP

Accepted 2021-10-12 00:00:00 ET · period of report 2021-10-07 · accession 0001127602-21-026946 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2021-10-12	2021-10-07	NAVI	Fisher Joe	EVP, CFO, PAO	F - Tax	$19.43	-1,746	85.3K	-2%	-$33.9K

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2021-10-07	F	D	1,746	$19.43	85,312.31	D	—	—	(F1) As previously reported, on October 7, 2020, the reporting person was granted 16,648 RSUs under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On October 7, 2021, 5,549 shares of such RSUs were settled and an additional 249 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 1,746 shares were withheld by Navient to satisfy the reporting person's tax withholding obligations. (F2) Dividend equivalent rights (1,813.7870 units) issued on previously unvested restricted are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation common stock. (F3) The reporting person's common stock balance includes 870 shares acquired under the Navient Corporation Employee Stock Purchase Plan.