Daniel P. Kennedy - Jan 28, 2022 Form 4 Insider Report for SLM Corp (SLM)

Role
EVP, Chief Operational Officer
Signature
/s/ Jeffrey Lipschutz (POA) for Daniel P. Kennedy
Stock symbol
SLM
Transactions as of
Jan 28, 2022
Transactions value $
-$149,202
Form type
4
Date filed
2/1/2022, 03:09 PM
Next filing
Feb 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Tax liability -$80K -4.44K -2.03% $18.00 214K Jan 28, 2022 Direct F1, F2
transaction SLM Common Stock Tax liability -$69.2K -3.85K -1.8% $18.00 210K Jan 30, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 28, 2019, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of Common Stock of SLM Corporation (the "Company"), subject to vesting conditions, to vest in one-third increments on January 28, 2020, 2021, and 2022. On January 28, 2022, 13,547 shares vested in connection with these RSUs, of which 4,444 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F2 Includes Dividend Equivalent Units issued in connection with RSUs held by the Reporting Person.
F3 On January 30, 2020, the reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to vesting conditions, to vest in one-third increments on January 30, 2021, 2022, and 2023. On January 30, 2022, 12,419 shares vested in connection with these RSUs, of which 3,845 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.