Form 4: SLM Corp CEO Jonathan W. Witter Reports Changes in Beneficial Ownership

Jonathan W. Witter, CEO of SLM Corp, reports gifting shares of common stock to a trust and his spouse, resulting in adjustments to his directly and indirectly held shares.

Summary

• Jonathan W. Witter, the CEO of SLM Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
• On April 30, 2025, Witter gifted 114,000 shares to a trust and 135,000 shares to his spouse.
• These transactions decreased his directly held shares but resulted in his spouse holding 135,000 shares indirectly.
• On May 1, 2025, Witter's spouse gifted 133,000 shares to a trust and 2,000 shares back to Witter.
• On May 2, 2025, Witter gifted 2,000 shares.
• Following these transactions, Witter directly owns 1,158,921.2895 shares, and his spouse indirectly owns 1,160,921.2895 shares.
• The report also mentions dividend equivalent units connected to restricted stock units held by Witter.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock ownership changes, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Related Party Transactions

• The gifting of shares to the reporting person's spouse is a related party transaction.

Stakeholder Impact

• The changes in ownership may have a minor impact on shareholders, as they reflect insider activity.

Key Dates

Keywords

SLM Corp, Jonathan W. Witter, beneficial ownership, Form 4, stock gifting, common stock, dividend equivalent units, restricted stock units