Accession Number: | 0001127602-20-009463 |
Date: | 2020-03-02 |
Issuer: | NAVIENT CORP (NAVI) |
Original Submission Date: |
HELEEN MARK L
123 S. JUSTISON STREET
SUITE 300
WILMINGTON, DE 19801
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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COMMON STOCK | 2020-03-02 | F | 14,327 | d | $11.58 | 277,730 | direct | ||
COMMON STOCK | 2020-03-02 | 0 | $0.00 | 8,348 | indirect |
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 Exercisable | Expiration 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 |
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ID | footnote |
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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 26,404.16 shares of such psus and an additional 4,168.2896 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. in connection with this settlement, 14,327 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 0.4496 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. |
f3 | between february 18, 2020, and march 2, 2020, the reporting person acquired 265.8751 share equivalents of navient common stock under the navient 401(k) savings plan. the information in this report is based on the reporting person's actual account balance as of march 2, 2020. |