Form 4: Navient Executive Joe Fisher Reports Stock Transaction Following RSU Vesting
SEC Form 4 Filing
Navient's EVP, CFO & PAO, Joe Fisher, reports the settlement of restricted stock units (RSUs) and associated tax withholding.
Summary
- Joe Fisher, EVP, CFO & PAO of Navient Corp, reported a transaction involving Navient common stock on February 4, 2025.
- The transaction involved the settlement of 9,399 restricted stock units (RSUs) and the issuance of 1,199.611 shares related to dividend equivalent rights.
- 5,128 shares were withheld by Navient to cover Mr. Fisher's tax obligations at a price of $13.79 per share.
- Following the transaction, Mr. Fisher beneficially owns 262,180.388 shares of Navient common stock, including dividend equivalent rights.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 2022-02-04 | Date the reporting person was granted 28,198 restricted stock units (RSUs) under the Navient Corporation 2014 Omnibus Incentive Plan. |
| 2024-11-13 | Date of the Limited Power of Attorney execution. |
| 2025-02-04 | Date of the transaction involving the settlement of RSUs and tax withholding. |
| 2025-02-06 | Date of the Form 4 filing. |
Keywords
Navient, Joe Fisher, RSU, Stock Transaction, Beneficial Ownership, Form 4, Dividend Equivalent Rights, Tax Withholding
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