Jonathan W. Witter - Feb 16, 2025 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 16, 2025
Transactions value $: -$1,716,141
Form type: 4
Date filed: 2/19/2025, 04:06 PM
Previous filing: Feb 20, 2024
Next filing: Feb 20, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SLM	Common Stock	Tax liability	-$620K	-19.7K	-1.57%	$31.43	1.24M	Feb 16, 2025	Direct	F1, F2
transaction	SLM	Common Stock	Tax liability	-$1.1M	-34.9K	-2.82%	$31.43	1.2M	Feb 17, 2025	Direct	F2, F3

Showing 1 to 2 of 2 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 16, 2024, 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 16, 2025, 2026, and 2027. On February 16, 2025, 48,896 shares vested in connection with these RSUs, of which 19,733 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.
F3	On February 17, 2023, the reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to vesting conditions, to vest in one-third increments on February 17, 2024, 2025, and 2026. On February 17, 2025, 69,597 shares vested in connection with these RSUs, of which 34,869 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.