NAVIENT CORP 4
4 · NAVIENT CORP · Filed Jun 5, 2017
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
WHORLEY JOHN F JR
EVP, Servicing Operations
Transactions
- Tax Payment
Common Stock
2017-06-01$14.63/sh−2,398$35,083→ 199,755.573 total
Footnotes (2)
- [F1]As previously reported, on June 1, 2015, the reporting person was granted 15,511 restricted stock units (RSUs) under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant. On June 1, 2017, 5,171 shares of such RSUs were settled and an additional 500 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 2,398 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy the reporting person's tax withholding obligations.
- [F2]Dividend equivalent rights issued on RSUs and performance stock units are included in the reporting person's common stock holding balance.