Stephen M. Hauber - 27 Jan 2023 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role
EVP, Chief Risk&Compliance Off
Signature
/s/ Elizabeth Han (POA) for Stephen M. Hauber
Issuer symbol
NAVI
Transactions as of
27 Jan 2023
Net transactions value
-$320,797
Form type
4
Filing time
30 Jan 2023, 16:34:53 UTC
Previous filing
03 Mar 2022
Next filing
07 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVI Common Stock Options Exercise $789,381 +57,915 +27% $13.63 274,996 27 Jan 2023 Direct F1
transaction NAVI Common Stock Tax liability $892,632 -46,564 -17% $19.17 228,432 27 Jan 2023 Direct
transaction NAVI Common Stock Sale $217,546 -11,351 -5% $19.17 217,081 27 Jan 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NAVI Stock Option (Right to Buy) Options Exercise $0 -57,915 -100% $0.000000* 0 27 Jan 2023 Common Stock 57,915 $13.63 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Dividend equivalent rights (4,459.9892 units) issued on restricted stock units and performance stock units are included in the reporting person's common stock holding balance.
F2 Represents the weighted average price per share of stock sold by the reporting person between $19.16 and $19.17. The reporting person undertakes to provide to Navient Corporation, any security holder of Navient Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Remarks:

Exhibit 24 - Power of Attorney