Form 4 for NAVI NAVIENT CORP
Accepted 2023-02-07 00:00:00 ET · period of report 2023-02-06 · accession 0001127602-23-003860 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-02-07 | 2023-02-06 | NAVI | ARNOLD FREDERICK | Dir | A - Grant | $18.92 | +7,399 | 61.5K | +14% | +$140.0K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-06 | A | A | 7,399 | $18.92 | 61,484 | D | — | — | (F1) Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis subject to continued active service on the Navient Board of Directors as follows: 25% on the grant date (Feb 6, 2023); 25% on May 1, 2023; 25% on August 1, 2023; and 25% on November 1, 2023. (F2) Dividend equivalent rights 124.6112 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) Reflects the disposition of 0.6112 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan. |