Munish Pahwa - Feb 18, 2025 Form 4 Insider Report for SLM Corp (SLM)

Role: Chief Risk Officer
Signature: /s/ Jeffrey Lipschutz (POA) for Munish Pahwa
Stock symbol: SLM
Transactions as of: Feb 18, 2025
Transactions value $: -$56,522
Form type: 4
Date filed: 2/20/2025, 05:30 PM
Previous filing: Feb 19, 2025
Next filing: Mar 5, 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	-$56.5K	-1.74K	-2.58%	$32.54	65.7K	Feb 18, 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 18, 2022, 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 18, 2023, 2024, and 2025. On February 18, 2025, 5,609 shares vested in connection with these RSUs, of which 1,737 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.

Content

On February 18, 2022, 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 18, 2023, 2024, and 2025. On February 18, 2025, 5,609 shares vested in connection with these RSUs, of which 1,737 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.