SEC Form 4 · accession 0001593538-26-000033
NAVIENT CORP · NAVI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry A Klane
Director
Period of report
Jun 4, 2026
Accepted (ET)
Jun 5, 2026 · 5:07 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001593538
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F1 | — | Jun 4, 2026 | A | 18,018 | A | — | — | Common Stock | 18,018 | 82,436 | D |
Explanation of responses
- F1Represents phantom stock units acquired pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors. Phantom stock units are settled in shares of Navient Corporation common stock, on a one-to-one basis, upon distribution. The Phantom stock units will vest with continued active service on the Navient Board of Directors as follows: 25% will vest on the grant date (June 4, 2026); 25% will vest on August 1, 2026; 25% will vest on November 1, 2026; and 25% will vest on February 1, 2027.
- F2Dividend equivalent rights (4,205.7759 units) accrued on phantom stock units pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors are included in the reporting person's holding balance.