Form 4: Director Lavelle Acquires Shares of SLM Corp Through Stock Grants

Mark L. Lavelle, a director of SLM Corp, acquired shares of common stock through restricted stock and grants in lieu of cash retainers.

Summary

• Mark L. Lavelle, a director of SLM Corp, reported changes in beneficial ownership.
• On June 18, 2024, Lavelle acquired 7,069 shares of restricted common stock as part of the 2024 Independent Director Restricted Stock Agreement.
• These shares were received in partial payment of the annual retainer for independent directors.
• On June 20, 2024, Lavelle acquired 1,269 shares of common stock in lieu of the quarterly cash retainer and committee fees.
• The price per share was equal to the closing sales price on the grant date.
• Following these transactions, Lavelle beneficially owns 69,005.4683 shares of SLM Corp common stock, including dividend equivalent units.

Sentiment

Score: 6

Explanation: The document reflects routine director compensation in the form of stock grants, which is generally neutral to slightly positive.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Director share acquisitions are common and are viewed as a sign of confidence in the company's prospects.

Stakeholder Impact

• The acquisition of shares by a director could positively influence shareholder sentiment.

Key Dates