Filing Details
- Accession Number:
- 0001127602-15-004609
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-02-05 18:12:08
- Reporting Period:
- 2015-02-03
- Filing Date:
- 2015-02-05
- Accepted Time:
- 2015-02-05 18:12:08
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1593538 | Navient Corp | NAVI | Security Brokers, Dealers & Flotation Companies (6211) | 464054283 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1605706 | Iv J Timothy Hynes | 123 Justison Street Suite 300 Wilmington DE 19801 | Chief Risk Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2015-02-03 | 553 | $20.70 | 74,170 | No | 4 | S | Direct | |
Common Stock | Disposition | 2015-02-03 | 1,212 | $21.08 | 72,958 | No | 4 | F | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | F | Direct |
Footnotes
- Per the instructions of Mr. Hynes, an additional 553 shares were sold in an open market transaction in order to provide funds to pay the difference between his projected actual federal tax liability and the permitted amount of federal tax withholding.
- Dividend equivalent rights issued on restricted stock units ("RSUs") are included in Mr. Hynes's common stock holding balance.
- As previously reported, in connection with the separation of Navient Corporation ("Navient") from SLM Corporation ("SLM"), Navient established the Navient Corporation 2014 Omnibus Incentive Plan and issued new Navient equity awards to holders of outstanding SLM equity awards in order to maintain the intrinsic value of prior SLM award grants. On April 30, 2014, Mr. Hynes was granted 3,471 vested RSUs representing the right to receive shares of Navient common stock in the future, subject to transfer restrictions which fully lapse on February 3, 2015. On February 3, 2015, 3,471 shares of such RSUs were settled and an additional 313 shares were issued to Mr. Hynes upon the delivery of the related dividend equivalent rights. In connection with this settlement, 1,212 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Hynes's tax withholding obligations.