Filing Details
- Accession Number:
- 0001127602-15-016337
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-05-05 17:31:02
- Reporting Period:
- 2015-05-01
- Filing Date:
- 2015-05-05
- Accepted Time:
- 2015-05-05 17:31:02
- 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 | Evp, Chief Risk&Compliance Off | 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 | 2015-05-01 | 694 | $19.74 | 97,460 | No | 4 | F | Direct | |
Common Stock | Disposition | 2015-05-01 | 296 | $19.64 | 97,164 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | F | Direct | |
No | 4 | S | Direct |
Footnotes
- As previously reported, on May 1, 2014, Mr. Hynes was granted 5,882 restricted stock units ("RSUs") under the Navient Corporation 2014 Omnibus Incentive Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on May 1, 2015, May 1, 2016 and May 1, 2017. On May 1, 2015, 1,960 shares of such RSUs were settled and an additional 62 shares were issued to Mr. Hynes upon the vesting of the related dividend equivalent rights. In connection with this settlement, 694 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Hynes's tax withholding obligations.
- Dividend equivalent rights issued on RSUs and performance stock units are included in Mr. Hynes's common stock holding balance.
- Per the instructions of Mr. Hynes, an additional 296 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 from the May 1st RSU vesting event.