David S. Green - 03 Mar 2025 Form 4 Insider Report for NAVIENT CORP (NAVI)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
11 Mar 2025, 17:20:25 UTC
Prior SEC filing
11 Mar 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Elizabeth Han (POA) for David Green

Key filing fact

David S. Green filed Form 4 for NAVIENT CORP (NAVI) on 11 Mar 2025.

Key facts

  • This page summarizes David S. Green's Form 4 filing for NAVIENT CORP (NAVI).
  • 1 reported transaction and 0 derivative rows are listed below.
  • Accepted by SEC: 11 Mar 2025, 17:20.

Change

  • Previous filing in this sequence was filed on 11 Mar 2025.
  • Current net transaction value: -$15,941.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NAVI transaction

Common Stock

Tax liability

Transaction value
$15,941
Shares
-1,146
Change %
-0.75%
Price
$13.91
Shares after
152,321
Date
03 Mar 2025
Ownership
Direct
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported as of February 4, 2022. 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 2024. On January 23, 2025, the Compensation and Human Resources Committee approved the achievement of the 2022-2024 PSUs at 46% of target resulting in the settling on March 3, 2025, of 2,839.120 shares of such PSUs and an additional 362.297 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.

Footnote F2

In connection with this settlement, 1,146 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

The reporting person's common stock balance reflects the forfeiture of 3,758.186 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 2022 - 2024 performance period.

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