Form 4 for NAVI NAVIENT CORP

Accepted 2025-03-05 00:00:00 ET · period of report 2025-03-03 · accession 0001127602-25-008418 · 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
	2025-03-05	2025-03-03	NAVI	STANDISH TROY	EVP, COO	F - Tax	$13.91	-2,258	207.0K	-1%	-$31.4K

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	2025-03-03	F	D	2,258	$13.91	206,969.05	D	—	—	(F1) Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 4, 2022. Each PSU represents the right to receive one share of Navient Corporation ("Navient") common stock in the future, which target amount vests at a specified percentage and is settled based upon achieving certain performance conditions over a three-year performance period ending on the final day of fiscal year 2024. On January 23, 2025, the Compensation and Human Resources Committee approved the achievement of the 2022-2024 PSUs at 46% of target resulting in the settling on March 3, 2025, of 4,613.800 shares of such PSUs and an additional 588.762 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. (F2) In connection with this settlement, 2,258 shares were withheld by Navient (as approved by the Navient Compensation and Human Resources Committee) to satisfy the reporting person's tax withholding obligations. (F3) The reporting person's common stock balance reflects the forfeiture of 6,107.356 PSUs from the reporting person's beneficial ownership because the Company failed to meet the threshold performance level established for the PSUs granted for the 2022 - 2024 performance period.