Jonathan Boyles - Jan 30, 2023 Form 4 Insider Report for SLM Corp (SLM)

Role: SVP & Controller
Signature: /s/ Jeffrey Lipschutz (POA) for Jonathan R. Boyles
Stock symbol: SLM
Transactions as of: Jan 30, 2023
Transactions value $: -$38,335
Form type: 4
Date filed: 2/1/2023, 03:21 PM
Previous filing: Mar 8, 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	-$38.3K	-2.26K	-1.85%	$16.97	120K	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, 6,377 shares vested in connection with these RSUs, of which 2,259 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 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, 6,377 shares vested in connection with these RSUs, of which 2,259 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.