John F. Remondi - 21 Dec 2022 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role
Chief Executive Officer, Director
Signature
/s/ Elizabeth Han (POA) for John F. Remondi
Issuer symbol
NAVI
Transactions as of
21 Dec 2022
Net transactions value
-$924,594
Form type
4
Filing time
01 Feb 2023, 15:28:57 UTC
Previous filing
07 Dec 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 Gift $0 -60,000 -1.8% $0.000000 3,253,350 21 Dec 2022 Direct F1, F2
transaction NAVI Common Stock Options Exercise $6,315,052 +463,320 +14% $13.63 3,716,670 31 Jan 2023 Direct
transaction NAVI Common Stock Tax liability $7,239,646 -388,393 -10% $18.64 3,328,277 31 Jan 2023 Direct
holding NAVI Common Stock 250 21 Dec 2022 As custodian for child

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 -463,320 -100% $0.000000* 0 31 Jan 2023 Common Stock 463,320 $13.63 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a bona fide gift by the reporting person to the Fidelity Charitable Gift Fund.
F2 Dividend equivalent rights (9,833.9674 units) issued on restricted stock units and performance stock units and 127 shares withheld to satisfy the reporting person's various tax withholding requirements are included in the reporting person's common stock holding balance.

Remarks:

Exhibit 24 - Power of Attorney