Form 4: Navient Corp Executive Mark Heleen Reports Stock Sale and 401(k) Activity
SEC Form 4 Filing
EVP, CLO & Secretary of Navient Corp, Mark Heleen, reports selling 10,000 shares of common stock at $16 and acquiring shares through the company's 401(k) plan.
Summary
- Mark Heleen, EVP, CLO & Secretary of Navient Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 3, 2024, Heleen sold 10,000 shares of Navient common stock at a price of $16 per share.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan established on August 9, 2023.
- Between February 28, 2024, and May 3, 2024, Heleen acquired 109.1508 share equivalents of Navient common stock through the company's 401(k) Savings Plan.
- Following the reported transactions, Heleen directly owns 393,611.4226 shares of Navient common stock and indirectly owns 11,578.3254 shares through the 401(k).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider trading activities.
Stakeholder Impact
- The stock sale by a company executive may be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
- The acquisition of shares through the 401(k) plan has a minimal impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| August 9, 2023 | Date of Rule 10b5-1 trading plan initiation |
| February 28, 2024 | Start date of 401(k) share equivalent acquisition period |
| May 3, 2024 | Date of stock sale and end date of 401(k) share equivalent acquisition period |
| May 6, 2024 | Date of Form 4 filing |
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