Mark L. Heleen - 06 Feb 2024 Form 4 Insider Report for NAVIENT CORP (NAVI)

Signature
/s/ Elizabeth Han (POA) for Mark Heleen
Issuer symbol
NAVI
Transactions as of
06 Feb 2024
Net transactions value
-$49,636
Form type
4
Filing time
08 Feb 2024, 16:55:44 UTC
Previous filing
05 Feb 2024
Next filing
13 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVI Common Stock Tax liability $49,636 -3,110 -0.82% $15.96 373,992 06 Feb 2024 Direct F1
holding NAVI Common Stock 11,204 06 Feb 2024 By 401(k) 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 21,540 restricted stock units ("RSUs") under the Navient Corporation 2014 Omnibus Incentive Plan (the "Plan") representing the right to receive shares of Navient Corporation ("Navient") common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On February 6, 2024, 7,180 shares of such RSUs were settled and an additional 268 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 3,110 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 Between February 2, 2024, and February 6, 2024, the reporting person's share equivalents of Navient common stock under the Navient 401(k) Savings Plan decreased by 6.5486. The information in this report is based on the reporting person's actual account balance as of February 6, 2024.