Mark L. Lavelle - Jun 18, 2024 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 18, 2024
Transactions value $
$0
Form type
4
Date filed
6/21/2024, 04:24 PM
Previous filing
Mar 22, 2024
Next filing
Sep 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Award $0 +7.07K +11.65% $0.00 67.7K Jun 18, 2024 Direct F1, F2
transaction SLM Common Stock Award $0 +1.27K +1.87% $0.00 69K Jun 20, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2024 Independent Director Restricted Stock Agreement (the "2024 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 2024 Agreement.
F2 Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.
F3 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.