Jane J. Thompson - 04 Feb 2022 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role: Director
Signature: /s/ Kurt T. Slawson (POA) for Jane J. Thompson
Issuer symbol: NAVI
Transactions as of: 04 Feb 2022
Transactions value $: $0
Form type: 4
Filing time: 08 Feb 2022, 15:35:49
Previous filing: 29 Dec 2021
Next filing: 11 Feb 2022
SEC: View on sec.gov

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	Phantom Stock Units	Award		+7.86K	+9.95%		86.8K	04 Feb 2022	Common Stock	7.86K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents phantom stock units acquired pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors. Phantom stock units are settled in shares of Navient Corporation common stock, on a one-to-one basis, upon distribution. The phantom stock units will vest with continued active service on the Navient Board of Directors as follows: 25% will vest on the grant date (Feb 4, 2022); 25% will vest on May 1, 2022; 25% will vest on August 1, 2022; and 25% will vest on November 1, 2022.
F2	Dividends (2,680.0412 units) accrued on phantom stock units pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors are included in the reporting person's holding balance.

Content

Represents phantom stock units acquired pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors. Phantom stock units are settled in shares of Navient Corporation common stock, on a one-to-one basis, upon distribution. The phantom stock units will vest with continued active service on the Navient Board of Directors as follows: 25% will vest on the grant date (Feb 4, 2022); 25% will vest on May 1, 2022; 25% will vest on August 1, 2022; and 25% will vest on November 1, 2022.

Dividends (2,680.0412 units) accrued on phantom stock units pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors are included in the reporting person's holding balance.