Joe Fisher - 04 Feb 2025 Form 4 Insider Report for NAVIENT CORP (NAVI)

Signature
/s/ Elizabeth Han (POA) for Joe Fisher
Issuer symbol
NAVI
Transactions as of
04 Feb 2025
Net transactions value
-$70,715
Form type
4
Filing time
06 Feb 2025, 18:24:21 UTC
Previous filing
01 Mar 2024
Next filing
10 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVI Common Stock Tax liability $70,715 -5,128 -1.9% $13.79 262,180 04 Feb 2025 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 4, 2022, the reporting person was granted 28,198 restricted stock units (RSUs) under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient Corporation 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 4, 2025, 9,399 shares of such RSUs were settled and an additional 1,199.611 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 5,128 shares were withheld by Navient, as approved by the Navient Compensation and Human Resources Committee, to satisfy the reporting person's tax withholding obligations.
F2 Dividend equivalent rights 7,860.6180 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.

Remarks:

Exibit 24 - Power of Attorney