Nicolas Jafarieh - 28 Jan 2022 Form 4 Insider Report for SLM Corp (SLM)

Role
SVP -Legal, Govt, Comm Officer
Signature
/s/ Jeffrey Lipschutz (POA) for Nicolas Jafarieh
Issuer symbol
SLM
Transactions as of
28 Jan 2022
Net transactions value
-$109,350
Form type
4
Filing time
01 Feb 2022, 15:14:53 UTC
Previous filing
05 Aug 2021
Next filing
08 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Tax liability $46,404 -2,578 -3.1% $18.00 81,805 28 Jan 2022 Direct F1, F2
transaction SLM Common Stock Tax liability $22,590 -1,255 -1.5% $18.00 80,550 28 Jan 2022 Direct F2, F3
transaction SLM Common Stock Tax liability $40,356 -2,242 -2.8% $18.00 78,308 30 Jan 2022 Direct F2, F4
* 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, 7,172 shares vested in connection with these RSUs, of which 2,578 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 28, 2019, the reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to transfer restrictions that lapse in one-third increments on January 28, 2020, 2021 and 2022. On January 28, 2022, the transfer restrictions lapsed in connection with 4,193 of these RSUs, of which 1,255 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F4 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, 6,986 shares vested in connection with these RSUs, of which 2,242 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.