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