Frederick Arnold - Feb 4, 2022 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role
Director
Signature
/s/ Kurt T. Slawson (POA) for Frederick Arnold
Stock symbol
NAVI
Transactions as of
Feb 4, 2022
Transactions value $
$0
Form type
4
Date filed
2/8/2022, 03:20 PM
Previous filing
Oct 21, 2021
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVI Common Stock Award $0 +7.86K +17.04% $0.00 54K Feb 4, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis subject to continued active service on the Navient Board of Directors as follows: 25% on the grant date (Feb 4, 2022); 25% on May 1, 2022; 25% on August 1, 2022; and 25% on November 1, 2022.
F2 Dividend equivalent rights (157.1997 units) issued on previously unvested restricted are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation common stock.
F3 Reflects the disposition of .1997 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.