Jonathan Boyles - 05 Feb 2024 Form 4 Insider Report for SLM Corp (SLM)

Signature
/s/ Jeffrey Lipschutz (POA) for Jonathan R. Boyles
Issuer symbol
SLM
Transactions as of
05 Feb 2024
Net transactions value
-$60,354
Form type
4
Filing time
07 Feb 2024, 16:11:47 UTC
Previous filing
07 Jun 2023
Next filing
20 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Tax liability $60,354 -3,132 -2.3% $19.27 134,571 05 Feb 2024 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, 2024, 9,287 shares vested in connection with these RSUs, of which 3,132 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.