Form 4: Navient Director Anna Escobedo Cabral Receives Stock Distribution from Deferred Compensation Plan

Director Anna Escobedo Cabral received 11,691.0451 shares of Navient common stock from the company's Deferred Compensation Plan for Directors on January 1, 2025.

Summary

• On January 1, 2025, Anna Escobedo Cabral, a director of Navient Corporation, received 11,691.0451 shares of Navient common stock.
• The shares were distributed from the Navient Corporation Deferred Compensation Plan for Directors.
• This distribution settled an equal number of phantom stock units held by Cabral under the plan.
• The price per share at the time of the transaction was $13.29.
• A fractional share (0.0451) of the phantom stock units was settled in cash.
• Following the transaction, Cabral directly owns 61,009 shares of Navient common stock.
• Cabral also holds 51,601.6518 phantom stock units, which include accrued dividends of 2,587.7382 units.
• Cabral has granted a Limited Power of Attorney to Elizabeth Han, Matthew B. Wallace, and Mark L. Heleen for Section 16 reporting obligations.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing a standard compensation transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The document indicates that a director is receiving stock as part of a deferred compensation plan, which can align the director's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure related to insider transactions and deferred compensation plans, common in publicly traded companies to align director compensation with company performance.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies, including financial services firms like Navient.
• The structure and terms of Navient's plan would likely be comparable to those offered by peers such as Sallie Mae or Discover Financial Services.
• The reporting requirements under Section 16 of the Securities Exchange Act are standard across all publicly traded companies in the US.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates