| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NAVI | Common Stock | Tax liability | -$368K | -21.6K | -5.45% | $17.06 | 374K | Mar 1, 2022 | Direct | F1, F2 |
| holding | NAVI | Common Stock | 10.1K | Mar 1, 2022 | By 401(k) | F3 |
| Id | Content |
|---|---|
| F1 | Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 5, 2019. 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 2021. On January 27, 2022, the Compensation and Human Resources Committee approved the achievement of the 2019-2021 PSUs at 119% of target resulting in the settling on March 1, 2022, of 39,007.0100 shares of such PSUs and an additional 7,046.5693 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 21,581 shares were withheld by Navient (as approved by the Navient Compensation and Human Resources Committee) to satisfy the reporting person's tax withholding obligations. |
| F2 | Reflects the disposition of 0.5793 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. |
| F3 | Between February 4, 2022, and March 1, 2022, the reporting person acquired 216.9443 share equivalents of Navient common stock under the Navient 401(k) Savings Plan. The information in this report is based on the reporting person's actual account balance as of March 1, 2022. |