David Yowan - May 15, 2024 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: May 15, 2024
Transactions value $: -$356,023
Form type: 4
Date filed: 5/17/2024, 04:45 PM
Previous filing: Nov 3, 2023
Next filing: Jul 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NAVI	Common Stock	Tax liability	-$356K	-22.8K	-6.93%	$15.60	306K	May 15, 2024	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 May 15, 2023, the reporting person was granted 105,890 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 50% on the first anniversary of the grant date (May 15, 2024) and 50% on December 31, 2024. On May 15, 2024, 52,945 shares of such RSUs were settled and an additional 1,911 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 22,822 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 (4,865.5408) issued on RSUs 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.

Content

As previously reported, on May 15, 2023, the reporting person was granted 105,890 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 50% on the first anniversary of the grant date (May 15, 2024) and 50% on December 31, 2024. On May 15, 2024, 52,945 shares of such RSUs were settled and an additional 1,911 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 22,822 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 (4,865.5408) issued on RSUs 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.