Larry A. Klane - Feb 9, 2024 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role
Director
Signature
/s/ Elizabeth Han (POA) for Larry A. Klane
Stock symbol
NAVI
Transactions as of
Feb 9, 2024
Transactions value $
$0
Form type
4
Date filed
2/13/2024, 04:16 PM
Previous filing
Feb 7, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NAVI Phantom Stock Units Award +8.65K +22.05% 47.9K Feb 9, 2024 Common Stock 8.65K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents phantom stock units acquired pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors. Phantom stock units are settled in shares of Navient Corporation common stock, on a one-to-one basis, upon distribution. The phantom stock units will vest with continued active service on the Navient Board of Directors as follows: 25% will vest on the grant date (Feb 9, 2024); 25% will vest on May 1, 2024; 25% will vest on August 1, 2024; and 25% will vest on November 1, 2024.
F2 Dividends 1,400.5246 units accrued on phantom stock units pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors are included in the reporting person's holding balance.

Remarks:

Exibit 24 - Power of Attorney