| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NAVI | Common Stock | Tax liability | -$2.36M | -131K | -3.66% | $18.05 | 3.44M | Feb 28, 2023 | Direct | F1, F2, F3 |
| holding | NAVI | Common Stock | 250 | Feb 28, 2023 | As custodian for child |
| Id | Content |
|---|---|
| F1 | Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 6, 2020. Each PSU represents the right to receive one share of Navient Corporation ("Navient") common stock in the future, which target amount vests at a specified percentage and is settled based upon achieving certain performance conditions over a three-year performance period ending on the final day of fiscal year 2022. On January 27, 2023, the Compensation and Human Resources Committee approved the achievement of the 2020-2022 PSUs at 115% of target resulting in the settling on February 28, 2023, of 244,679.7500 shares of such PSUs and an additional 42,268.5611 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. |
| F2 | In connection with this settlement, 130,849 shares were withheld by Navient (as approved by the Navient Compensation and Human Resources Committee) to satisfy the reporting person's tax withholding obligations. |
| F3 | Reflects the disposition of 0.3111 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. |