Form 4 for SLM SLM Corp
Accepted 2024-02-20 00:00:00 ET · period of report 2024-02-16 · accession 0001628280-24-005668 · 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 | 2024-02-20 | 2024-02-17+ | SLM | Witter Jonathan W. | CEO, Dir | F - Tax | $20.18 | -56.2K | 1.25M | -4% | -$1.13M |
| 2024-02-20 | 2024-02-16 | SLM | Witter Jonathan W. | CEO, Dir | A - Grant | $0.00 | +143.7K | 1.30M | +12% | $0 |
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 | 2024-02-17 | F | D | 34,158 | $20.18 | 1,270,371.47 | D | — | — | (F3) On February 17, 2023, 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 17, 2024, 2025, and 2026. On February 17, 2024, 68,179 shares vested in connection with these RSUs, of which 34,158 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 | 2024-02-18 | F | D | 22,023 | $20.18 | 1,248,348.47 | D | — | — | (F4) 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, 2024, 43,956 shares vested in connection with these RSUs, of which 22,023 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. |
| 3 | Common | Common Stock | 2024-02-16 | A | A | 143,706 | $0.00 | 1,304,529.47 | 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 16, 2025, 2026, and 2027. (F2) Includes Dividend Equivalent Units in connection with RSUs held by the reporting person. |