Key facts
- This page summarizes John M. Kane's Form 4 filing for NAVIENT CORP (NAVI).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 01 Mar 2024, 16:24.
John M. Kane - 28 Feb 2024 Form 4 Insider Report for NAVIENT CORP (NAVI)
- Reporting relationship
- EVP & Group President
- Issuer ticker
- NAVI
- Reported as of
- 28 Feb 2024
- Net transaction value
- -$149,294
- SEC form
- 4
- Accepted by SEC
- 01 Mar 2024, 16:24:28 UTC
- Prior SEC filing
- 13 Feb 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Elizabeth Han (POA) for John M. Kane
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
John M. Kane filed Form 4 for NAVIENT CORP (NAVI) on 01 Mar 2024.
Change
- Previous filing in this sequence was filed on 13 Feb 2024.
- Current net transaction value: -$149,294.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
NAVI
transaction
Common Stock
Tax liability
- Transaction value
- $149,294
- Shares
- -9,479
- Change %
- -1.8%
- Price
- $15.75
- Shares after
- 513,558
- Date
- 28 Feb 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3, F4
NAVI
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 9,873
- Date
- 28 Feb 2024
- Ownership
- By 401(k)
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 4, 2021. Each PSU represents the right to receive one share of Navient Corporation ("Navient") common stock in the future, which target amount vests at a specified percentage and is settled based upon achieving certain performance conditions over a three-year performance period ending on the final day of fiscal year 2023. On January 26, 2024, the Compensation and Human Resources Committee approved the achievement of the 2021-2023 PSUs at 46.36% of target resulting in the settling on February 28, 2024, of 19,577.3644 shares of such PSUs and an additional 2,339.3128 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.
Footnote F2
In connection with this settlement, 9,479 shares were withheld by Navient (as approved by the Navient Compensation and Human Resources Committee) to satisfy the reporting person's tax withholding obligations.
Footnote F3
Reflects the disposition of 0.6772 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.
Footnote F4
The reporting person's common stock balance reflects the forfeiture of 25,358.2952 PSUs from the reporting person's beneficial ownership because the Company failed to meet the threshold performance level established for the PSUs granted for the 2021 - 2023 performance period.
Footnote F5
Between February 9, 2024, and February 28, 2024, the reporting person acquired 782.2318 share equivalents of Navient common stock under the Navient 401(k) Savings Plan. The information in this report is based on the reporting person's actual account balance as of February 28, 2024.