Form 4: Navient Executive Troy Standish Reports Routine Stock Transactions and RSU Vesting
Insider Transaction Report
Navient Corp's EVP & COO, Troy Standish, reported the vesting of restricted stock units and the withholding of shares for tax obligations, alongside minor acquisitions in his 401(k) plan.
Summary
- Troy Standish, Executive Vice President and Chief Operating Officer of Navient Corp, filed a Form 4 detailing changes in his beneficial ownership of company common stock.
- On May 23, 2025, 2,481 restricted stock units (RSUs) granted on May 23, 2024, vested and settled.
- An additional 114.565 shares were issued to Mr. Standish upon the vesting of related dividend equivalent rights.
- In connection with the RSU settlement, 1,057 shares were withheld by Navient at a price of $13.25 per share to satisfy Mr. Standish's tax withholding obligations.
- Between March 3, 2025, and May 23, 2025, Mr. Standish acquired 167.2839 share equivalents of Navient common stock through the Navient 401(k) Savings Plan.
- Following these transactions, Mr. Standish directly owns 206,936.4402 shares of Navient common stock, which includes 1,024.3927 dividend equivalent rights.
- He also indirectly owns 14,463.9381 shares through his 401(k) plan.
Sentiment
Score: 7
Explanation: The filing details routine executive compensation events, including the vesting of restricted stock units and subsequent tax withholding, alongside minor 401(k) acquisitions, indicating normal course of business and executive participation in equity plans.
Positives
- The vesting of 2,481 restricted stock units (RSUs) and an additional 114.565 shares from dividend equivalent rights indicates the realization of executive compensation and aligns executive interests with shareholder value.
- The acquisition of 167.2839 share equivalents in the 401(k) plan demonstrates continued investment by a key executive in the company's stock.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The settlement of restricted stock units and subsequent share withholding for tax obligations represent standard compensation-related transactions between the company and its executive.
Stakeholder Impact
- Shareholders: The RSU vesting and subsequent share withholding for taxes are routine executive compensation events, reflecting the company's compensation structure and the executive's continued equity stake.
- Employees: The report reflects standard executive compensation practices, which may provide insight into the company's overall compensation philosophy.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Grant date of 7,697 restricted stock units (RSUs) to Troy Standish. |
| 03/03/2025 | Start date of the period during which 167.2839 share equivalents were acquired in the Navient 401(k) Savings Plan. |
| 05/23/2025 | Transaction date for the settlement of 2,481 RSUs, issuance of 114.565 shares from dividend equivalent rights, withholding of 1,057 shares for tax obligations, and end date for 401(k) share equivalent acquisition period. |
| 05/27/2025 | Date the Form 4 was signed by Elizabeth Han (POA) for Troy Standish. |
Keywords
Navient, NAVI, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, RSU, Stock Ownership, Troy Standish, 401(k)
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