Form 4: Navient Corp Executive Stephen Hauber Reports Stock Transactions
SEC Form 4 Filing
EVP & Chief Admin Officer of Navient Corp, Stephen M. Hauber, reports acquisition and disposal of common stock and restricted stock units.
Summary
- Stephen M. Hauber, EVP & Chief Admin Officer of Navient Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 6, 2025, 2,613 shares of common stock were disposed of to cover tax withholding obligations at a price of $13.785 per share.
- On February 7, 2025, 31,296 shares of common stock were acquired at a price of $13.58 per share as part of a RSU grant.
- Also on February 7, 2025, 32,793 shares of common stock were acquired at a price of $13.58 per share as part of a PSU grant.
- On February 9, 2025, 2,840 shares of common stock were disposed of to cover tax withholding obligations at a price of $13.58 per share.
- Following these transactions, Hauber beneficially owns 313,113.538 shares of Navient common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the transactions are routine and related to executive compensation and tax obligations.
Positives
- The acquisition of shares through RSU and PSU grants indicates a potential alignment of the executive's interests with the company's long-term performance.
Negatives
- The disposal of shares to cover tax obligations could be seen as a minor negative, although it's a common practice.
Future Outlook
The performance stock units (PSUs) will vest and be settled based on performance conditions over a three-year period ending in fiscal year 2027.
Industry Context
Executive stock transactions are common and are closely watched by investors for insights into management's confidence in the company's prospects; however, these transactions are often part of pre-planned compensation packages.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/06/2023 | Reporting person was granted 15,856 restricted stock units (RSUs). |
| 02/06/2025 | 2,613 shares were withheld to satisfy tax withholding obligations. |
| 02/07/2025 | Grant of common stock to the reporting person in the form of RSUs and PSUs. |
| 02/09/2024 | Reporting person was granted 18,529 RSUs. |
| 02/09/2025 | 2,840 shares were withheld to satisfy tax withholding obligations. |
| 02/10/2025 | Date of the report filing. |
Keywords
Form 4, beneficial ownership, Navient Corp, Stephen Hauber, stock transactions, RSU, PSU, common stock
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.