Jonathan W. Witter - 16 Feb 2025 Form 4 Insider Report for SLM Corp (SLM)

Signature
/s/ Jeffrey Lipschutz (POA) for Jonathan W. Witter
Issuer symbol
SLM
Transactions as of
16 Feb 2025
Transactions value $
-$1,716,141
Form type
4
Filing time
19 Feb 2025, 16:06:53 UTC
Previous filing
20 Feb 2024
Next filing
20 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Tax liability -$620K -19.7K -1.57% $31.43 1.24M 16 Feb 2025 Direct F1, F2
transaction SLM Common Stock Tax liability -$1.1M -34.9K -2.82% $31.43 1.2M 17 Feb 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 16, 2024, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of Common Stock of SLM Corporation (the "Company"), subject to vesting conditions, to vest in one-third increments on February 16, 2025, 2026, and 2027. On February 16, 2025, 48,896 shares vested in connection with these RSUs, of which 19,733 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F2 Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.
F3 On February 17, 2023, the reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to vesting conditions, to vest in one-third increments on February 17, 2024, 2025, and 2026. On February 17, 2025, 69,597 shares vested in connection with these RSUs, of which 34,869 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.