Peter M. Graham - 16 Feb 2024 Form 4 Insider Report for SLM Corp (SLM)

Signature
/s/ Jeffrey Lipschutz (POA) for Peter M. Graham
Issuer symbol
SLM
Transactions as of
16 Feb 2024
Net transactions value
$0
Form type
4
Filing time
20 Feb 2024, 17:12:30 UTC
Previous filing
01 Nov 2023
Next filing
01 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Award $0 +32,210 +50% $0.000000 97,188 16 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 A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2021 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") Common Stock. Subject to continuing employment, these RSUs vest in one-third increments on February 16, 2025, 2026, and 2027.
F2 Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.