July 3, 2025 · Form 4 insider transaction
YOWAN DAVID L. sold 23,501 shares of Navient Corporation at $14.82 per share, a transaction worth $348.3K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
As previously reported, on July 3, 2024, the reporting person was granted 110,957 restricted stock units ("RSUs") under the Navient Corporation 2024 Omnibus Incentive Plan (the "Plan") representing the right to receive shares of Navient Corporation ("Navient") common stock in the future, which vest in one-half increments on each of the first and second anniversaries of the grant date. On July 3, 2025, 55,478 shares of such RSUs were settled and an additional 2,547.390 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 23,501 shares were withheld by Navient, as approved by the Navient Compensation and Human Resources Committee (the "Committee"), to satisfy the reporting person's tax withholding obligations.; Dividend equivalent rights 10,873.311 issued on RSUs 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.