Form 4: Navient Director Returns Shares to Correct Erroneous Distribution

Anna Escobedo Cabral, a director at Navient Corp, returned 11,231 shares to correct an erroneous distribution from the company's Deferred Compensation Plan for Directors.

Summary

• Anna Escobedo Cabral, a Navient Corp director, filed a Form 4 to report changes in beneficial ownership.
• The filing indicates a return of 11,231 shares of common stock to Navient Corporation.
• This correction addresses an erroneous distribution from the Navient Corporation Deferred Compensation Plan for Directors, as previously reported on January 23, 2025.
• The returned shares have been credited back to Cabral's holding balance under the Deferred Compensation Plan.
• The transaction occurred on May 12, 2025, at a price of $14.05 per share.
• Following the transaction, Cabral directly owns 60,179.807 shares of Navient common stock.
• Cabral also holds 63,452.026 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a correction of a previous error, which is a neutral to slightly positive event as it demonstrates attention to detail and compliance. There is no indication of any underlying negative issues.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing relates to a correction of a previous error, which is not uncommon.

Key Dates

Keywords

Form 4, Navient, Director, Share Return, Deferred Compensation Plan, Beneficial Ownership, Anna Escobedo Cabral