Daniel P. Kennedy - Feb 18, 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
Feb 18, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 04:31 PM
Previous filing
Feb 8, 2022
Next filing
Feb 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Award $0 +22.5K +10.75% $0.00 231K Feb 18, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2021 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") Common Stock. Subject to continuing employment, these RSUs vest in one-third increments on February 18, 2023, 2024, and 2025.
F2 Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.