0001127602-23-026753.txt : 20231103
0001127602-23-026753.hdr.sgml : 20231103
20231103162601
ACCESSION NUMBER: 0001127602-23-026753
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231101
FILED AS OF DATE: 20231103
DATE AS OF CHANGE: 20231103
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: 231376735
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: 13865 SUNRISE VALLEY DRIVE
CITY: HERNDON
STATE: VA
ZIP: 20171
BUSINESS PHONE: 703-810-3000
MAIL ADDRESS:
STREET 1: 13865 SUNRISE VALLEY DRIVE
CITY: HERNDON
STATE: VA
ZIP: 20171
FORMER COMPANY:
FORMER CONFORMED NAME: New Corp
DATE OF NAME CHANGE: 20131205
4
1
form4.xml
PRIMARY DOCUMENT
X0508
4
2023-11-01
0001593538
NAVIENT CORP
NAVI
0001702781
YOWAN DAVID L.
13865 SUNRISE VALLEY DRIVE
HERNDON
VA
20171
1
1
President & CEO
0
Common Stock
2023-11-01
4
F
0
514
15.91
D
324409.4595
D
As previously reported, on February 6, 2023, the reporting person was granted 7,399 shares of restricted stock under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis as follows: 25% on the grant date (February 6, 2023); 25% on May 1, 2023; 25% on August 1,2023; and 25% on November 1, 2023. On November 1, 2023, 1,850 shares of such restricted stock were settled and an additional 53.0104 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 514 shares were withheld by Navient, as approved by the Navient Compensation and Human Resources Committee (the "Committee"), to satisfy the reporting person's tax withholding obligations.
Dividend equivalent rights (2,406.3811) issued on RES stock grants 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 common stock.
Reflects the disposition of 0.0104 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan.
/s/ Elizabeth Han (POA) for David Yowan
2023-11-03