Nicolas Jafarieh - Jan 30, 2023 Form 4 Insider Report for SLM Corp (SLM)

Signature
/s/ Jeffrey Lipschutz (POA) for Nicolas Jafarieh
Stock symbol
SLM
Transactions as of
Jan 30, 2023
Transactions value $
-$44,699
Form type
4
Date filed
2/1/2023, 03:18 PM
Previous filing
Mar 3, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Tax liability -$44.7K -2.63K -2.24% $16.97 115K Jan 30, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 30, 2020, 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 30, 2021, 2022, and 2023. On January 30, 2023, 7,173 shares vested in connection with these RSUs, of which 2,634 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.