Joe Fisher - Oct 7, 2022 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role: EVP, CFO & PAO
Signature: /s/ Stephen Caso (POA) for Joe Fisher
Stock symbol: NAVI
Transactions as of: Oct 7, 2022
Transactions value $: -$27,197
Form type: 4
Date filed: 10/11/2022, 05:21 PM
Previous filing: Feb 8, 2022
Next filing: Feb 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NAVI	Common Stock	Tax liability	-$27.2K	-1.82K	-1.26%	$14.96	143K	Oct 7, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As previously reported, on October 7, 2020, the reporting person was granted 16,648 RSUs under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On October 7, 2022, 5,550 shares of such RSUs were settled and an additional 486 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 1,818 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.
F2	Dividend equivalent rights (3,594.1066) issued on RSUs 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.

Content

As previously reported, on October 7, 2020, the reporting person was granted 16,648 RSUs under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On October 7, 2022, 5,550 shares of such RSUs were settled and an additional 486 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 1,818 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.

Dividend equivalent rights (3,594.1066) issued on RSUs 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.