Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NAVI | Common Stock | Award | $140K | +8.65K | +14.04% | $16.19 | 70.2K | Feb 9, 2024 | Direct | F1, F2, F3 |
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 9, 2024); 25% on May 1, 2024; 25% on August 1, 2024; and 25% on November 1, 2024. |
F2 | Dividend equivalent rights 108.0104 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 0.0104 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. |
Exibit 24 - Power of Attorney