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

Role
EVP, Chief Risk&Compliance Off
Signature
/s/ Elizabeth Han (POA) for Stephen M. Hauber
Stock symbol
NAVI
Transactions as of
Jan 27, 2023
Transactions value $
-$320,797
Form type
4
Date filed
1/30/2023, 04:34 PM
Previous filing
Mar 3, 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 Options Exercise $789K +57.9K +26.68% $13.63 275K Jan 27, 2023 Direct F1
transaction NAVI Common Stock Tax liability -$893K -46.6K -16.93% $19.17 228K Jan 27, 2023 Direct
transaction NAVI Common Stock Sale -$218K -11.4K -4.97% $19.17 217K Jan 27, 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 -57.9K -100% $0.00* 0 Jan 27, 2023 Common Stock 57.9K $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