Mark L. Lavelle - Jun 21, 2022 Form 4 Insider Report for SLM Corp (SLM)

Role
Director
Signature
/s/ Jeffrey Lipschutz (POA) for Mark L. Lavelle
Stock symbol
SLM
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
4
Date filed
6/23/2022, 04:22 PM
Previous filing
Mar 28, 2022
Next filing
Jun 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Award $0 +7.97K +24.94% $0.00 39.9K Jun 21, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2022 Independent Director Restricted Stock Agreement (the "2022 Agreement") in partial payment of the annual retainer to independent directors. The Restricted Common Stock award is subject to vesting upon the terms set forth in the 2022 Agreement.
F2 Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.