Blackley Richard Scott 4

What Happened

Blackley Richard Scott, a director of SLM Corporation (SLM), reported a gift of 11,702 shares of SLM common stock on March 12, 2026. The transaction was a gift (code G) with a reported price of $0.00 and total proceeds of $0.00. Per the filing, the reporting person disclaims beneficial ownership of the gifted shares.

Key Details

• Transaction date: 2026-03-12; filing date: 2026-03-16 (filed within required two business days).
• Transaction type: Gift (G); shares disposed: 11,702; price: $0.00; reported value: $0.00.
• Shares owned after transaction: Not specified in the provided Form 4.
• Footnotes:
  • F1: Shares were gifted to a trust and the reporting person disclaims beneficial ownership of those shares.
  • F2: Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.
• No indication this was an option exercise, sale for cash, or a 10% owner transaction.

Context

Gifts are transfers for estate/planning or personal reasons and do not necessarily indicate the insider’s view on the company’s stock. The disclaimed beneficial ownership (F1) means the reporting person states they no longer control those gifted shares. The filing also notes dividend-equivalent units related to restricted stock holdings (F2).