Form 4 for SLM SLM Corp

Accepted 2023-02-22 00:00:00 ET · period of report 2023-02-17 · accession 0001628280-23-004574 · 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
	2023-02-22	2023-02-18	SLM	Witter Jonathan W.	CEO, Dir	F - Tax	$14.57	-21.4K	1.21M	-2%	-$311.7K
	2023-02-22	2023-02-17	SLM	Witter Jonathan W.	CEO, Dir	A - Grant	$0.00	+198.7K	1.24M	+19%	$0

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	2023-02-18	F	D	21,391	$14.57	1,213,757.82	D	—	—	(F3) On February 18, 2022, the reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to vesting conditions, to vest in one-third increments on February 18, 2023, 2024, and 2025. On February 18, 2023, 42,694 shares vested in connection with these RSUs, of which 21,391 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. (F2) Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.
2	Common	Common Stock	2023-02-17	A	A	198,677	$0.00	1,235,148.82	D	—	—	(F1) A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2021 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") Common Stock. Subject to continuing employment, these RSUs vest in one-third increments on February 17, 2024, 2025, and 2026. (F2) Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.