0001127602-23-015993.txt : 20230517 0001127602-23-015993.hdr.sgml : 20230517 20230517171821 ACCESSION NUMBER: 0001127602-23-015993 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230515 FILED AS OF DATE: 20230517 DATE AS OF CHANGE: 20230517 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: YOWAN DAVID L. CENTRAL INDEX KEY: 0001702781 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36228 FILM NUMBER: 23932880 MAIL ADDRESS: STREET 1: 123 S. JUSTISON STREET CITY: WILMINGTON STATE: DE ZIP: 19801 FORMER NAME: FORMER CONFORMED NAME: YOWAN DAVID M. DATE OF NAME CHANGE: 20170403 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NAVIENT CORP CENTRAL INDEX KEY: 0001593538 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 464054283 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 123 JUSTISON STREET STREET 2: SUITE 300 CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 302-283-8000 MAIL ADDRESS: STREET 1: 123 JUSTISON STREET STREET 2: SUITE 300 CITY: WILMINGTON STATE: DE ZIP: 19801 FORMER COMPANY: FORMER CONFORMED NAME: New Corp DATE OF NAME CHANGE: 20131205 4 1 form4.xml PRIMARY DOCUMENT X0407 4 2023-05-15 0001593538 NAVIENT CORP NAVI 0001702781 YOWAN DAVID L. 123 S. JUSTISON STREET WILMINGTON DE 19801 1 1 President & CEO 0 Common Stock 2023-05-15 4 A 0 105890 15.11 A 161856.6139 D Common Stock 2023-05-15 4 A 0 158835 15.11 A 320691.6139 D Represents a grant of common stock to the reporting person in the form of restricted stock units ("RSUs") pursuant to the Navient Corporation 2014 Omnibus Incentive Plan (the "Plan"). The RSUs will be settled solely by delivery of shares of Navient common stock and vest 50% on the first anniversary of the grant date (May 15, 2024) and 50% on December 31, 2024. Dividend equivalent rights (58.6139) units issued on previously unvested restricted stock are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation (the "Company") common stock. Represents a grant of common stock to the reporting person in the form of performance stock units ("PSUs") to be settled solely by delivery of shares of the Company's common stock. The first 50% will vest on the first anniversary of the grant date (May 15, 2024) and 50% on December 31, 2024. The service and performance conditions shall be approved by the Navient Corporation Compensation and Human Resources Committee (the "Committee") and shall be set forth in the form of PSU award agreement approved by the Committee. /s/ Steve Caso (POA) for David L. Yowan 2023-05-17