Mark L. Lavelle - Jun 21, 2023 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, 2023
Transactions value $
$0
Form type
4
Date filed
6/23/2023, 04:13 PM
Previous filing
Mar 24, 2023
Next filing
Sep 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Award $0 +1.62K +3.46% $0.00 48.4K Jun 21, 2023 Direct F1, F2
transaction SLM Common Stock Award $0 +7.59K +15.69% $0.00 56K Jun 21, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of shares of SLM Corporation's Common Stock (the "Shares") received in lieu of the reporting person's quarterly cash retainer and respective committee fees. The per share value of the Shares was equal to the closing sales price per share as of the grant date.
F2 Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.
F3 The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2023 Independent Director Restricted Stock Agreement (the "2023 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 2023 Agreement.