Jonathan W. Witter - Feb 24, 2025 Form 4 Insider Report for SLM Corp (SLM)

Role
CEO, Director
Signature
/s/ Jeffrey Lipschutz (POA) for Jonathan W. Witter
Stock symbol
SLM
Transactions as of
Feb 24, 2025
Transactions value $
-$3,698,851
Form type
4
Date filed
2/26/2025, 04:10 PM
Previous filing
Feb 20, 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 Award $0 +241K +20.49% $0.00 1.42M Feb 24, 2025 Direct F1, F2
transaction SLM Common Stock Tax liability -$3.7M -121K -8.52% $30.59 1.3M Feb 24, 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares awarded of the Company Common Stock in connection with the vesting of performance stock units awarded on February 18, 2022 ("PSUs"), as certified by the Compensation Committee on February 24, 2025. Such shares remain subject to transfer restrictions and forfeiture conditions for one year until February 24, 2026.
F2 Includes Dividend Equivalent Units in connection with restricted stock units held by the reporting person.
F3 Represents shares of the Company Common Stock required to be withheld to satisfy the reporting person's tax withholding obligations in connection with the vesting of the PSUs.