Munish Pahwa - 16 Feb 2026 Form 4 Insider Report for SLM Corp (SLM)

Role
EVP & Chief Risk Officer
Signature
/s/ Jeffrey Lipschutz (POA) for Munish Pahwa
Issuer symbol
SLM
Transactions as of
16 Feb 2026
Net transactions value
-$178,024
Form type
4
Filing time
18 Feb 2026, 16:21:03 UTC
Previous filing
30 May 2025
Next filing
04 Mar 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Pahwa Munish EVP & Chief Risk Officer 300 CONTINENTAL DRIVE, NEWARK /s/ Jeffrey Lipschutz (POA) for Munish Pahwa 18 Feb 2026 0001983512

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Tax liability $52,095 -2,167 -3% $24.04 69,270 16 Feb 2026 Direct F1, F2
transaction SLM Common Stock Tax liability $76,958 -3,220 -4.6% $23.90 66,050 17 Feb 2026 Direct F2, F3
transaction SLM Common Stock Tax liability $48,971 -2,049 -3.1% $23.90 64,001 17 Feb 2026 Direct F2, F4
* 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, 2026, 6,072 shares vested in connection with these RSUs, of which 2,167 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, 2026, 10,404 shares vested in connection with these RSUs, of which 3,220 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F4 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, 2026, 6,618 shares vested in connection with these RSUs, of which 2,049 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.