Form 4 for NAVI NAVIENT CORP
Accepted 2024-02-13 00:00:00 ET · period of report 2024-02-09 · accession 0001127602-24-004695 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-02-13 | 2024-02-09 | NAVI | MILLS LINDA A | Dir | A - Grant | $16.19 | +14.8K | 152.9K | +11% | +$240.0K |
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 | 2024-02-09 | A | A | 14,823 | $16.19 | 152,915.87 | 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 9, 2024); 25% on May 1, 2024; 25% on August 1, 2024; and 25% on November 1, 2024. (F3) Reflects the disposition of 0.1343 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. (F2) Dividend equivalent rights 185.1343 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. (F4) Includes 4,731.571 shares acquired pursuant to a dividend reinvestment plan exempt from reporting pursuant to Rule 16a-11. |