STANDISH TROY sold NAVI
February 6, 2025 · Form 4 insider transaction
STANDISH TROY sold 845 shares of Navient Corporation at $13.79 per share, a transaction worth $11.6K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
As previously reported, on February 6, 2023, the reporting person was granted 5,946 restricted stock units ("RSUs") under the Navient Corporation 2014 Omnibus Incentive Plan (the "Plan") representing the right to receive shares of Navient Corporation ("Navient") common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On February 6, 2025, 1,914 shares of such RSUs were settled and an additional 160.775 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 845 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.