X0306
4
2016-02-18
0001593538
NAVIENT CORP
NAVI
0001605706
HYNES TIMOTHY J IV
123 JUSTISON STREET
SUITE 300
WILMINGTON
DE
19801
1
EVP, Chief Risk&Compliance Off
Common Stock
2016-02-18
4
F
0
1125
10.13
D
168922.9701
D
Common Stock
2016-02-18
4
F
0
827
10.13
D
168095.9701
D
As previously reported, on February 18, 2015, Mr. Hynes was granted 10,104 vested 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, subject to transfer restrictions which lapse in one-third increments on each of the first, second and third anniversaries of the grant. On February 18, 2016, 3,249 shares of such RSUs were settled and an additional 139 shares were issued to Mr. Hynes upon the delivery of the related dividend equivalent rights. In connection with this settlement, 1,125 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Hynes's tax withholding obligations.
As previously reported, on February 18, 2015, Mr. Hynes was granted 6,697 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, 2016, 2,232 shares of such RSUs were settled and an additional 95 shares were issued to Mr. Hynes upon the vesting of the related dividend equivalent rights. In connection with this settlement, 827 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy Mr. Hynes's tax withholding obligations.
/s/ Kurt T. Slawson (POA) for Timothy J. Hynes IV
2016-02-22