Form 4: SLM Corp Director Mark L. Lavelle Receives Stock Grant in Lieu of Cash Retainer

Director Mark L. Lavelle of SLM Corp received 1,243 shares of common stock in lieu of a quarterly cash retainer and committee fees on March 20, 2024.

Summary

• On March 20, 2024, Mark L. Lavelle, a director of SLM Corp, acquired 1,243 shares of common stock.
• The shares were granted in lieu of the reporting person's quarterly cash retainer and respective committee fees.
• The per share value was equal to the closing sales price per share as of the grant date.
• Following the transaction, Lavelle beneficially owns 60,625.8425 shares of SLM Corp.
• This amount includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction (stock grant in lieu of cash) and doesn't indicate any significant positive or negative development for the company.

Positives

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

Industry Context

Directors receiving stock grants in lieu of cash compensation is a common practice, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates