Linda A. Mills - Feb 6, 2023 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role
Director
Signature
/s/ Mark Heleen (POA) for Linda A. Mills
Stock symbol
NAVI
Transactions as of
Feb 6, 2023
Transactions value $
$239,981
Form type
4
Date filed
2/7/2023, 07:19 PM
Previous filing
Jan 5, 2023
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVI Common Stock Award $240K +12.7K +10.53% $18.92 133K Feb 6, 2023 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis subject to continued active service on the Navient Board of Directors as follows: 25% on the grant date (Feb 6, 2023); 25% on May 1, 2023; 25% on August 1, 2023; and 25% on November 1, 2023.
F2 Dividend equivalent rights 213.6082 units issued on previously unvested restricted 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.
F3 Reflects the disposition of 0.6082 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.
F4 Includes 4,817.6097 shares acquired pursuant to a dividend reinvestment plan exempt from reporting pursuant to Rule 16a-11.