Form 4: SLM Corp Director Gifts Shares to Trust, Updates Holdings

Kirsten O. Wolberg, a Director at SLM Corp, reported gifting 4,665 shares of common stock to a trust, adjusting her beneficial ownership to 67,579.6382 shares.

Summary

• Kirsten O. Wolberg, a Director of SLM Corp, reported a transaction involving the company's common stock.
• On June 9, 2025, Ms. Wolberg gifted 4,665 shares of SLM Corporation's common stock to a trust.
• The transaction code for this disposition was 'G', indicating a gift.
• The price per share for this transaction was $0, consistent with a gift.
• Following this reported transaction, Ms. Wolberg's direct beneficial ownership of SLM Corp common stock stands at 67,579.6382 shares.
• The reported beneficial ownership includes Dividend Equivalent Units issued in connection with Restricted Common Stock and shares acquired under a dividend reinvestment plan.
• Ms. Wolberg disclaims beneficial ownership of the shares gifted to the trust.

Sentiment

Score: 6

Explanation: The transaction is a gift, not a sale for cash, which is generally viewed as neutral to slightly positive compared to a cash sale, as it indicates personal financial planning rather than a direct divestment for liquidity reasons.

Positives

• The transaction represents a gift rather than a sale for cash, indicating a personal financial planning move rather than a divestment for liquidity.

Negatives

• The transaction reduces the director's direct beneficial ownership, though the shares are transferred to a trust.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• Kirsten O. Wolberg gifted 4,665 shares of SLM Corp common stock to a trust, with the reporting person disclaiming beneficial ownership of these gifted shares.

Stakeholder Impact

• Minimal direct impact on shareholders, employees, customers, suppliers, or creditors as this is a personal transaction by a director and not related to company operations or financial health.

Key Dates

Keywords

SLM Corp, Kirsten O. Wolberg, SEC Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, Director Holdings, Equity Disposition