Form 4: SLM Corp Director Mark L. Lavelle Reports Changes in Beneficial Ownership

Director Mark L. Lavelle reports acquisition of SLM Corp common stock in lieu of cash retainer and committee fees, along with dividend equivalent units.

Summary

• On March 19, 2025, Mark L. Lavelle, a director of SLM Corp, acquired 871 shares of common stock.
• These shares were received in lieu of the quarterly cash retainer and committee fees.
• The acquisition price was $0, with the per share value equal to the closing sales price on the grant date.
• Following the transaction, Lavelle beneficially owns 72,160.6322 shares of SLM Corp common stock, which includes dividend equivalent units issued in connection with restricted common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director as part of their compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The director's acceptance of shares in lieu of cash demonstrates confidence in the company's value.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates

Keywords

beneficial ownership, Form 4, SLM Corp, director, Mark L. Lavelle, common stock, dividend equivalent units