Form 4 for NAVI NAVIENT CORP
Accepted 2025-02-10 00:00:00 ET · period of report 2025-02-06 · accession 0001127602-25-003982 · 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 | 2025-02-10 | 2025-02-07 | NAVI | HAUBER STEPHEN M | EVP, Chief Admin Off | A - Grant | $13.58 | +64.1K | 316.0K | +25% | +$870.3K |
| M | 2025-02-10 | 2025-02-06+ | NAVI | HAUBER STEPHEN M | EVP, Chief Admin Off | F - Tax | $13.68 | -5,453 | 251.9K | -2% | -$74.6K |
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 | 2025-02-07 | A | A | 31,296 | $13.58 | 283,160.54 | D | — | — | (F2) Represents a grant of common stock to the reporting person in the form of RSUs pursuant to the Navient Corporation 2024 Omnibus Incentive Plan. The RSUs will be settled solely by delivery of shares of Navient common stock and vest in one-third increments on each of the first, second and third anniversaries of the grant date. |
| 2 | Common | Common Stock | 2025-02-07 | A | A | 32,793 | $13.58 | 315,953.54 | 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 Navient common stock. A specified percentage of this target award will vest and be settled based upon the satisfaction of certain performance conditions over a three-year performance period ending on the final day of fiscal year 2027. The performance conditions shall be approved by the Committee in connection with Navient's 2025 Long-Term Incentive Program and shall be set forth in the form of PSU award agreement approved by the Committee. |
| 3 | Common | Common Stock | 2025-02-09 | F | D | 2,840 | $13.58 | 313,113.54 | D | — | — | (F4) As previously reported, on February 9, 2024, the reporting person was granted 18,529 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 9, 2025, 6,176 shares of such RSUs were settled and an additional 262.652 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 2,840 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations. |
| 4 | Common | Common Stock | 2025-02-06 | F | D | 2,613 | $13.79 | 251,864.54 | D | — | — | (F1) As previously reported, on February 6, 2023, the reporting person was granted 15,856 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 6, 2025, 5,286 shares of such RSUs were settled and an additional 429.788 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 2,613 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. |