4/A: Navient Director Corrects Erroneous Stock Distribution in Amended SEC Filing

Anna Escobedo Cabral, a director at Navient Corp, files an amended SEC Form 4 to correct an error related to a distribution from the company's Deferred Compensation Plan for Directors.

Summary

• Anna Escobedo Cabral, a director of Navient Corp, filed an amended Form 4 with the SEC on May 14, 2025, to correct an error in a previous stock distribution.
• The error involved an erroneous distribution from the Navient Corporation Deferred Compensation Plan for Directors, as reported on the reporting person's January 23, 2025, Form 4.
• Cabral returned 11,231 shares to Navient Corporation to rectify the error.
• A portion of these shares, specifically 11,059 units, were credited back to Cabral's holding balance under the Navient Corporation Deferred Compensation Plan for Directors.
• The transaction on May 12, 2025, involved a price of $14.05 per share.
• Following the correction, Cabral beneficially owns 60,179.807 shares of common stock and 63,280.026 phantom stock units.
• The amended filing also includes dividend equivalent rights and dividends accrued on phantom stock units.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error. It doesn't indicate any fundamental issues with the company's performance or outlook. The sentiment is neutral to slightly positive as it shows attention to detail and compliance.

Industry Context

This filing is a routine correction of an administrative error related to executive compensation, and it doesn't necessarily reflect broader trends in the financial services industry or Navient's competitive positioning.

Stakeholder Impact

• The correction ensures accurate reporting of executive compensation, which is important for shareholder transparency.

Key Dates

Keywords

Navient Corp, SEC Form 4, Beneficial Ownership, Anna Escobedo Cabral, Deferred Compensation Plan, Stock Distribution, Amendment