Jonathan W. Witter - Feb 5, 2023 Form 4 Insider Report for SLM Corp (SLM)

Role
CEO, Director
Signature
/s/ Jeffrey Lipschutz (POA) for Jonathan W. Witter
Stock symbol
SLM
Transactions as of
Feb 5, 2023
Transactions value $
-$121,347
Form type
4
Date filed
2/7/2023, 03:05 PM
Previous filing
Apr 22, 2022
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Tax liability -$121K -8.02K -0.95% $15.14 839K Feb 5, 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 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, 2023, 22,552 shares vested in connection with these RSUs, of which 8,015 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F2 Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.