Form 4 for NAVI NAVIENT CORP
Accepted 2024-02-05 00:00:00 ET · period of report 2024-02-04 · accession 0001127602-24-003406 · 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 | 2024-02-05 | 2024-02-04 | NAVI | HELEEN MARK L | EVP, CLO, Sec | F - Tax | $16.18 | -8,475 | 377.1K | -2% | -$137.1K |
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 | 2024-02-04 | F | D | 4,551 | $16.18 | 381,025.93 | D | — | — | (F2) As previously reported, on February 4, 2021, the reporting person was granted 30,487 restricted stock unit ("RSUs") under the Navient Corporation 2014 Omnibus Incentive Plan (the "Plan") representing the right to receive shares of Navient Corporation ("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, 2024, 9,731 shares of such RSUs were settled and an additional 1,167.2001 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 4,551 shares were withheld by Navient, as approved by the Navient Compensation and Human Resources Committee (the "Committee"), to satisfy the reporting person's tax withholding obligations. (F3) Reflects the disposition of 0.2001 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan. |
| 2 | Common | Common Stock | 2024-02-04 | F | D | 3,924 | $16.18 | 377,101.93 | D | — | — | (F4) As previously reported, on February 4, 2022, the reporting person was granted 27,216 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, 2024, 8,688 shares of such RSUs were settled and an additional 708 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 3,924 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations. |