JOHN M. KANE - 03 Jan 2022 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role
EVP & Group President
Signature
/s/ Kurt T. Slawson (POA) for John M. Kane
Issuer symbol
NAVI
Transactions as of
03 Jan 2022
Net transactions value
-$661,018
Form type
4
Filing time
05 Jan 2022, 15:19:30 UTC
Next filing
08 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVI Common Stock Options Exercise $1,668,837 +107,806 +19% $15.48 668,962 03 Jan 2022 Direct F1, F2, F3
transaction NAVI Common Stock Tax liability $1,890,701 -87,290 -13% $21.66 581,672 03 Jan 2022 Direct F1
transaction NAVI Common Stock Sale $439,153 -20,516 -3.5% $21.41 561,156 03 Jan 2022 Direct F4
holding NAVI Common Stock 6,946 03 Jan 2022 By 401(k) F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NAVI Stock Option (Right to Buy) Options Exercise $0 -107,806 -100% $0.000000* 0 03 Jan 2022 Common Stock 107,806 $15.48 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person and represent exercises of stock options set to expire on February 6, 2022.
F2 Dividend equivalent rights (7,500.3485 units) issued on restricted stock units and performance stock units ("PSUs") are included in the reporting person's common stock holding balance.
F3 The reporting person's common stock balance includes 764 shares acquired under the Navient Corporation Employee Stock Purchase Plan.
F4 Represents the weighted average price per share of stock sold by the reporting person between $21.40 and $21.4250. The reporting person undertakes to provide to Navient Corporation, any security holder of Navient Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
F5 Between March 4, 2021, and January 3, 2022, the reporting person acquired 204.2827 share equivalents of Navient common stock under the Navient 401(k) Savings Plan. The information in this report is based on the reporting person's actual account balance as of January 3, 2022.