Form 4 for NAVI NAVIENT CORP

Accepted 2024-02-05 00:00:00 ET · period of report 2024-02-04 · accession 0001127602-24-003411 · 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	KANE JOHN M	EVP, Group Pres	F - Tax	$16.18	-12.2K	480.1K	-2%	-$197.6K

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	6,873	$16.18	485,474.97	D	—	—	(F2) As previously reported, on February 4, 2021, the reporting person was granted 40,650 restricted stock units ("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, 13,550 shares of such RSUs were settled and an additional 1,620.4401 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 6,873 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 0.4401 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan. (F4) Dividend equivalent rights 1,570.4897 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.
2	Common	Common Stock	2024-02-04	F	D	5,337	$16.18	480,137.97	D	—	—	(F5) As previously reported, on February 4, 2022, the reporting person was granted 34,736 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, 11,579 shares of such RSUs were settled and an additional 944 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 5,337 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.