Form 4: SLM Corp Director Richard Scott Blackley Reports Acquisition of Common Stock

Director Richard Scott Blackley acquired 1,264 shares of SLM Corp common stock on September 18, 2024, as part of a grant in lieu of a quarterly cash retainer.

Summary

• Richard Scott Blackley, a director of SLM Corp, reported a transaction on September 18, 2024.
• Blackley acquired 1,264 shares of SLM Corp common stock.
• The acquisition was a grant of shares received 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, Blackley beneficially owns 33,078.0907 shares of SLM Corp common stock, including Dividend Equivalent Units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction of a director receiving stock compensation.

Positives

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

Industry Context

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

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders, as it aligns the director's interests with theirs.

Key Dates