Form 4 for NAVI NAVIENT CORP

Accepted 2023-10-10 00:00:00 ET · period of report 2023-10-07 · accession 0001127602-23-025706 · 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
	2023-10-10	2023-10-07	NAVI	Fisher Joe	EVP, CFO, PAO	F - Tax	$17.42	-2,827	206.6K	-1%	-$49.2K

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	2023-10-07	F	D	2,827	$17.42	206,635.48	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, 2023, 5,549 shares of such RSUs were settled and an additional 717.7564 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 2,827 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations. (F3) Reflects the disposition of 0.7564 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan. (F4) The reporting person's common stock balance includes 469 shares acquired under the Navient Corporation Employee Stock Purchase Plan. (F2) Dividend equivalent rights (4,422.5566) issued on RSUs 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.