Jonathan Boyles - Feb 5, 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: Feb 5, 2023
Transactions value $: -$41,680
Form type: 4
Date filed: 2/7/2023, 03:13 PM
Previous filing: Feb 1, 2023
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	-$41.7K	-2.75K	-2.3%	$15.14	117K	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, 9,021 shares vested in connection with these RSUs, of which 2,753 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.

Content

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, 9,021 shares vested in connection with these RSUs, of which 2,753 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.