SEC Form 4 · accession 0001127602-18-007378
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M Hauber
Officer — SVP, Chief Risk&Compliance Off
Period of report
Feb 18, 2018
Accepted (ET)
Feb 20, 2018 · 7:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001593538
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 18, 2018 | F | 372 | $13.99 | D | 87,162 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 18, 2015, the reporting person was granted 3,233 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 each of the first, second and third anniversaries of the grant. On February 18, 2018, 1,078 shares of such RSUs were settled and an additional 155.2337 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 372 shares were withheld by Navient, as approved by the Navient Compensation and Personnel Committee (the "Committee"), to satisfy the reporting person's tax withholding obligations.
- F2Reflects the disposition of 0.2337 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.