Form 4 for NAVI NAVIENT CORP

Accepted 2023-05-17 00:00:00 ET · period of report 2023-05-15 · accession 0001127602-23-015993 · 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	2023-05-17	2023-05-15	NAVI	YOWAN DAVID L.	Pres, CEO, Dir	A - Grant	$15.11	+264.7K	161.9K	New	+$4.00M

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	2023-05-15	A	A	158,835	$15.11	320,691.61	D	—	—	(F3) 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. The first 50% will vest on the first anniversary of the grant date (May 15, 2024) and 50% on December 31, 2024. The service and performance conditions shall be approved by the Navient Corporation Compensation and Human Resources Committee (the "Committee") and shall be set forth in the form of PSU award agreement approved by the Committee.
2	Common	Common Stock	2023-05-15	A	A	105,890	$15.11	161,856.61	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 common stock and vest 50% on the first anniversary of the grant date (May 15, 2024) and 50% on December 31, 2024. (F2) Dividend equivalent rights (58.6139) units issued on previously unvested restricted stock 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 (the "Company") common stock.