Form Type: 4

SEC EDGAR Link
Acccession Number:0001127602-20-009460
Date:2020-03-02
Issuer: NAVIENT CORP (NAVI)
Original Submission Date:

Reporting Person:

HAUBER STEPHEN M
123 S. JUSTISON STREET
WILMINGTON, DE 19801

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-03-02 F 4,295 d $11.58 144,511 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 represents performance stock units ("psus") awarded under the navient corporation 2014 omnibus incentive plan and previously reported on february 6, 2017. 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 2019. on january 30, 2020, the compensation and personnel committee approved the achievement of the 2017 - 2019 psus at 109% of target resulting in the settling on march 2, 2020, of 12,321.36 shares of such psus and an additional 1,945.11 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. in connection with this settlement, 4,295 shares were withheld by navient (as approved by the navient compensation and personnel committee) to satisfy the reporting person's tax withholding obligations.
f2 reflects the disposition of 0.47 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.

Elevate your investments