Kerri A. Palmer - Feb 16, 2025 Form 4 Insider Report for SLM Corp (SLM)

Role
EVP, Chief Operational Officer
Signature
/s/ Jeffrey Lipschutz (POA) for Kerri A. Palmer
Stock symbol
SLM
Transactions as of
Feb 16, 2025
Transactions value $
-$602,105
Form type
4
Date filed
2/19/2025, 04:14 PM
Previous filing
Feb 20, 2024
Next filing
Feb 20, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Tax liability -$84.7K -2.7K -1.51% $31.43 176K Feb 16, 2025 Direct F1, F2
transaction SLM Common Stock Tax liability -$99K -3.15K -1.79% $31.43 173K Feb 17, 2025 Direct F2, F3
transaction SLM Common Stock Tax liability -$418K -13.3K -7.71% $31.43 159K Feb 17, 2025 Direct F2, F4
* 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, 8,458 shares vested in connection with these RSUs, of which 2,695 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, 10,215 shares vested in connection with these RSUs, of which 3,150 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F4 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, 34,050 shares vested in connection with these RSUs, of which 13,312 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.