Kerri A. Palmer - Feb 5, 2022 Form 4 Insider Report for SLM Corp (SLM)

Role: EVP & Chief Risk and Comp Off
Signature: /s/ Jeffrey Lipschutz (POA) for Kerri A. Palmer
Stock symbol: SLM
Transactions as of: Feb 5, 2022
Transactions value $: -$27,138
Form type: 4
Date filed: 2/8/2022, 04:17 PM
Next filing: Feb 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLM	Common Stock	Tax liability	-$27.1K	-1.36K	-11.8%	$19.94	10.2K	Feb 5, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 5, 2021, 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 February 5, 2022, 2023, and 2024. On February 5, 2022, 3,843 shares vested in connection with these RSUs, of which 1,361 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.

Content

On February 5, 2021, 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 February 5, 2022, 2023, and 2024. On February 5, 2022, 3,843 shares vested in connection with these RSUs, of which 1,361 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

Includes Dividend Equivalent Units issued in connection with RSUs held by the Reporting Person.