InsiderTrades

Form 4 for NAVI NAVIENT CORP

Accepted 2022-02-08 00:00:00 ET · period of report 2022-02-04 · accession 0001127602-22-003749 · 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
M 2022-02-08 2022-02-04 NAVI KANE JOHN M EVP, Group Pres A - Grant $0.00 +72.9K 595.9K +14% $0
M 2022-02-08 2022-02-04+ NAVI KANE JOHN M EVP, Group Pres F - Tax $17.82 -18.2K 622.1K -3% -$324.9K

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2022-02-04 A A 38,209 $0.00 634,101.06 D — — (F2) Represents a grant of common stock to the reporting person in the form of performance stock units ("PSUs") to be settled solely by delivery of shares of the Company's common stock. Upon vesting, a specified percentage of this target award will vest and be settled based upon the satisfaction of certain performance conditions over a three-year performance period ending on the final day of fiscal year 2024. The performance conditions shall be approved by the Committee in connection with the Company's 2022 Long-Term Incentive Program and shall be set forth in the form of PSU award agreement approved by the Navient Compensation and Personnel Committee (the "Committee").
2 Common Common Stock 2022-02-04 F D 4,526 $17.82 629,575.06 D — — (F3) As previously reported, on February 4, 2021, the reporting person was granted 40,650 RSUs under the 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 February 4, 2022, 13,550 shares of such RSUs were settled and an additional 475 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 4,526 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.
3 Common Common Stock 2022-02-04 A A 34,736 $0.00 595,892.06 D — — (F1) Represents a grant of common stock to the reporting person in the form of restricted stock units ("RSUs") pursuant to the Navient Corporation 2014 Omnibus Incentive Plan (the "Plan"). The RSUs will be settled solely by delivery of shares of Navient Corporation ("Navient") common stock and vest in one-third increments on each of the first, second and third anniversaries of the grant date.
4 Common Common Stock 2022-02-06 F D 6,283 $17.82 615,866.91 D — — (F6) As previously reported, on February 6, 2020, the reporting person was granted 35,460 RSUs under the 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 February 6, 2022, 11,820 shares of such RSUs were settled and an additional 1,472 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 6,283 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.
5 Common Common Stock 2022-02-05 F D 7,425 $17.82 622,149.91 D — — (F4) As previously reported, on February 5, 2019, the reporting person was granted 43,706 RSUs under the 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 February 5, 2022, 14,569 shares of such RSUs were settled and an additional 2,632.1498 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 7,425 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations. (F5) Reflects the disposition of 0.1498 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan.