MILLS LINDA A 4
4 · NAVIENT CORP · Filed Feb 13, 2024
Insider Transaction Report
Form 4
NAVIENT CORPNAVI
MILLS LINDA A
Director
Transactions
- Award
Common Stock
2024-02-09$16.19/sh+14,823$239,984→ 152,915.873 total
Footnotes (4)
- [F1]Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis subject to continued active service on the Navient Board of Directors as follows: 25% on the grant date (Feb 9, 2024); 25% on May 1, 2024; 25% on August 1, 2024; and 25% on November 1, 2024.
- [F2]Dividend equivalent rights 185.1343 units issued on previously unvested restricted 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 0.1343 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.
- [F4]Includes 4,731.571 shares acquired pursuant to a dividend reinvestment plan exempt from reporting pursuant to Rule 16a-11.