LINDA A. MILLS - 07 Feb 2025 Form 4 Insider Report for NAVIENT CORP (NAVI)

Role
Director
Signature
/s/ Elizabeth Han (POA) for Linda Mills
Issuer symbol
NAVI
Transactions as of
07 Feb 2025
Net transactions value
+$239,999
Form type
4
Filing time
10 Feb 2025, 17:09:16 UTC
Previous filing
03 Jan 2025
Next filing
02 Apr 2025
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 $239,999 +17,673 +11% $13.58 177,092 07 Feb 2025 Direct F1, F2, F3
* 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 351.686 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.
F3 Includes 6,151.7286 shares acquired pursuant to a dividend reinvestment plan exempt from reporting pursuant to Rule 16a-11.

Remarks:

Exibit 24 - Power of Attorney