Troy Standish - Feb 4, 2025 Form 4 Insider Report for NAVIENT CORP (NAVI)

Signature
/s/ Elizabeth Han (POA) for Troy Standish
Stock symbol
NAVI
Transactions as of
Feb 4, 2025
Transactions value $
-$18,630
Form type
4
Date filed
2/6/2025, 06:25 PM
Previous filing
Dec 18, 2024
Next filing
Feb 10, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVI Common Stock Tax liability -$18.6K -1.35K -0.78% $13.79 173K Feb 4, 2025 Direct F1, F2
holding NAVI Common Stock 13.8K Feb 4, 2025 By 401(k) F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As previously reported, on February 4, 2022, the reporting person was granted 9,118 restricted stock units (RSUs) under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient Corporation 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 February 4, 2025, 2,930 shares of such RSUs were settled and an additional 388.961 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 1,351 shares were withheld by Navient, as approved by the Navient Compensation and Human Resources Committee, to satisfy the reporting person's tax withholding obligations.
F2 Dividend equivalent rights 687.1470 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 Between December 16, 2024, and February 4, 2025, the reporting person acquired 218.9207 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 February 4, 2025.