0001127602-24-007869.txt : 20240301
0001127602-24-007869.hdr.sgml : 20240301
20240301162106
ACCESSION NUMBER: 0001127602-24-007869
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240228
FILED AS OF DATE: 20240301
DATE AS OF CHANGE: 20240301
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: 24710139
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
2024-02-28
0001593538
NAVIENT CORP
NAVI
0001710338
HAUBER STEPHEN M
13865 SUNRISE VALLEY DRIVE
HERNDON
VA
20171
1
EVP, Chief Risk&Compliance Off
0
Common Stock
2024-02-28
4
F
0
4936
15.75
D
252041.5314
D
Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 4, 2021. Each PSU represents the right to receive one share of Navient Corporation ("Navient") common stock in the future, which target amount vests at a specified percentage and is settled based upon achieving certain performance conditions over a three-year performance period ending on the final day of fiscal year 2023. On January 26, 2024, the Compensation and Human Resources Committee approved the achievement of the 2021-2023 PSUs at 46.36% of target resulting in the settling on February 28, 2024, of 9,788.4504 shares of such PSUs and an additional 1,169.6286 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.
In connection with this settlement, 4,936 shares were withheld by Navient (as approved by the Navient Compensation and Human Resources Committee) to satisfy the reporting person's tax withholding obligations.
Reflects the disposition of 0.0790 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan
The reporting person's common stock balance reflects the forfeiture of 12,678.8473 PSUs from the reporting person's beneficial ownership because the Company failed to meet the threshold performance level established for the PSUs granted for the 2021 - 2023 performance period.
/s/ Elizabeth Han (POA) for Stephen M. Hauber
2024-03-01