Michael A. Lawson - Feb 7, 2025 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role
Director
Signature
/s/ Elizabeth Han (POA) for Michael A. Lawson
Stock symbol
NAVI
Transactions as of
Feb 7, 2025
Transactions value $
$139,996
Form type
4
Date filed
2/10/2025, 05:07 PM
Previous filing
Feb 13, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NAVI Common Stock Award $140K +10.3K +37.6% $13.58 37.7K Feb 7, 2025 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2024 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 7, 2025); 25% on May 1, 2025; 25% on August 1, 2025; and 25% on November 1, 2025.
F2 Dividend equivalent rights 132.932 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.

Remarks:

Exibit 24 - Power of Attorney