4//SEC Filing
Fisher Joe 4
Accession 0001127602-23-025706
CIK 0001593538other
Filed
Oct 9, 8:00 PM ET
Accepted
Oct 10, 4:12 PM ET
Size
5.8 KB
Accession
0001127602-23-025706
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
Fisher Joe
EVP, CFO & PAO
Transactions
- Tax Payment
Common Stock
2023-10-07$17.42/sh−2,827$49,246→ 206,635.476 total
Footnotes (4)
- [F1]As previously reported, on October 7, 2020, the reporting person was granted 16,648 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 date. On October 7, 2023, 5,549 shares of such RSUs were settled and an additional 717.7564 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 2,827 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.
- [F2]Dividend equivalent rights (4,422.5566) issued on RSUs are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation common stock.
- [F3]Reflects the disposition of 0.7564 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan.
- [F4]The reporting person's common stock balance includes 469 shares acquired under the Navient Corporation Employee Stock Purchase Plan.
Documents
Issuer
NAVIENT CORP
CIK 0001593538
Entity typeother
Related Parties
1- filerCIK 0001828483
Filing Metadata
- Form type
- 4
- Filed
- Oct 9, 8:00 PM ET
- Accepted
- Oct 10, 4:12 PM ET
- Size
- 5.8 KB