Form 4 for SLM SLM Corp

Accepted 2023-06-23 00:00:00 ET · period of report 2023-06-21 · accession 0001628280-23-023297 · 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	2023-06-23	2023-06-21	SLM	Lavelle Mark L	Dir	A - Grant	$0.00	+9,208	56.0K	+20%	$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	2023-06-21	A	A	1,619	$0.00	48,380.69	D	—	—	(F1) Represents a grant of shares of SLM Corporation's Common Stock (the "Shares") received in lieu of the reporting person's quarterly cash retainer and respective committee fees. The per share value of the Shares was equal to the closing sales price per share as of the grant date. (F2) Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.
2	Common	Common Stock	2023-06-21	A	A	7,589	$0.00	55,969.69	D	—	—	(F3) The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2023 Independent Director Restricted Stock Agreement (the "2023 Agreement") in partial payment of the annual retainer to independent directors. The Restricted Common Stock award is subject to vesting upon the terms set forth in the 2023 Agreement. (F2) Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.