Robert S. Strong - 01 Aug 2024 Form 4 Insider Report for SLM Corp (SLM)

Role
Director
Signature
/s/ Jeffrey Lipschutz (POA) for Robert S. Strong
Issuer symbol
SLM
Transactions as of
01 Aug 2024
Net transactions value
-$102,150
Form type
4
Filing time
02 Aug 2024, 16:11:00 UTC
Previous filing
03 Jul 2024
Next filing
05 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Sale $102,150 -4,500 -4.3% $22.70 101,093 01 Aug 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 4, 2024.
F2 Includes Dividend Equivalent Units in connection with Restricted Common Stock held by the reporting person.