Jonathan W. Witter - Feb 13, 2024 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 13, 2024
Transactions value $
-$1,188,426
Form type
4
Date filed
2/15/2024, 04:02 PM
Previous filing
Feb 7, 2024
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Award $0 +129K +11.86% $0.00 1.22M Feb 13, 2024 Direct F1, F2
transaction SLM Common Stock Tax liability -$1.19M -60.6K -4.96% $19.60 1.16M Feb 13, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares awarded of the Company Common Stock in connection with the vesting of performance stock units awarded on February 5, 2021 ("PSUs"), as certified by the Compensation Committee on February 13, 2024. Such shares remain subject to transfer restrictions and forfeiture conditions for one year until February 13, 2025.
F2 Includes Dividend Equivalent Units in connection with restricted stock units held by the reporting person.
F3 Represents shares of the Company Common Stock required to be withheld to satisfy the reporting person's tax withholding obligations in connection with the vesting of the PSUs.