Form 4: SLM Corp Director Mark L. Lavelle Reports Acquisition of Common Stock

Director Mark L. Lavelle reports acquiring 1,207 shares of SLM Corp common stock on September 18, 2024, in lieu of a quarterly cash retainer.

Summary

• On September 18, 2024, Mark L. Lavelle, a director of SLM Corp, acquired 1,207 shares of common stock.
• The acquisition was made in lieu of the reporting person's quarterly cash retainer and respective committee fees.
• The price per share was equal to the closing sales price as of the grant date.
• Following the transaction, Lavelle beneficially owns 70,249.0952 shares of SLM Corp common stock, which 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 disclosure. The director receiving shares in lieu of cash compensation is neither particularly positive nor negative.

Positives

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects insider activity and changes in beneficial ownership.

Key Dates