0001127602-24-003402.txt : 20240205
0001127602-24-003402.hdr.sgml : 20240205
20240205170635
ACCESSION NUMBER: 0001127602-24-003402
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240204
FILED AS OF DATE: 20240205
DATE AS OF CHANGE: 20240205
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HAUBER STEPHEN M
CENTRAL INDEX KEY: 0001710338
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 24596683
MAIL ADDRESS:
STREET 1: 123 S JUSTISON STREET, SUITE 300
CITY: WILMINGTON
STATE: DE
ZIP: 19801
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NAVIENT CORP
CENTRAL INDEX KEY: 0001593538
STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
ORGANIZATION NAME: 02 Finance
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
2024-02-04
0001593538
NAVIENT CORP
NAVI
0001710338
HAUBER STEPHEN M
13865 SUNRISE VALLEY DRIVE
HERNDON
VA
20171
1
EVP, Chief Risk&Compliance Off
0
Common Stock
2024-02-04
4
F
0
3748
16.18
D
235682.46
D
Common Stock
2024-02-04
4
F
0
3175
16.18
D
232507.46
D
As previously reported, on February 4, 2021, the reporting person was granted 20,325 restricted stock units ("RSUs") under the Navient Corporation 2014 Omnibus Incentive Plan (the "Plan") representing the right to receive shares of Navient Corporation ("Navient") common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On February 4, 2024, 6,775 shares of such RSUs were settled and an additional 810.2423 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 3,748 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.
Reflects the disposition of 0.2423 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan.
The reporting person's common stock balance includes 469 shares acquired under the Navient Corporation Employee Stock Purchase Plan.
Dividend equivalent rights 3,659.2814 issued on RSUs 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.
As previously reported, on February 4, 2022, the reporting person was granted 19,781 RSUs under the 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 date. On February 4, 2024, 6,594 shares of such RSUs were settled and an additional 537 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 3,175 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.
/s/ Elizabeth Han (POA) for Stephen M. Hauber
2024-02-05