David Yowan - Aug 1, 2023 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role: President & CEO, Director
Signature: /s/ Elizabeth Han (POA) for David Yowan
Stock symbol: NAVI
Transactions as of: Aug 1, 2023
Transactions value $: -$9,605
Form type: 4
Date filed: 8/2/2023, 04:44 PM
Previous filing: May 17, 2023
Next filing: Nov 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NAVI	Common Stock	Tax liability	-$9.6K	-509	-0.16%	$18.87	323K	Aug 1, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As previously reported, on February 6, 2023, the reporting person was granted 7,399 shares of restricted stock under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis as follows: 25% on the grant date (February 6, 2023); 25% on May 1, 2023; 25% on August 1,2023; and 25% on November 1, 2023. On August 1, 2023, 1,850 shares of such restricted stock was settled and an additional 36 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 509 shares were withheld by Navient, as approved by the Navient Compensation and Human Resources Committee (the "Committee"), to satisfy the reporting person's tax withholding obligations.
F2	Dividend equivalent rights (2,334.4749) issued on RES stock grants are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient common stock.

Content

As previously reported, on February 6, 2023, the reporting person was granted 7,399 shares of restricted stock under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis as follows: 25% on the grant date (February 6, 2023); 25% on May 1, 2023; 25% on August 1,2023; and 25% on November 1, 2023. On August 1, 2023, 1,850 shares of such restricted stock was settled and an additional 36 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 509 shares were withheld by Navient, as approved by the Navient Compensation and Human Resources Committee (the "Committee"), to satisfy the reporting person's tax withholding obligations.

Dividend equivalent rights (2,334.4749) issued on RES stock grants are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient common stock.

Remarks:

Exibit 24 - Power of Attorney