Form 4: SLM Corp Director Richard Scott Blackley Reports Changes in Beneficial Ownership

Director Richard Scott Blackley reports acquisition of SLM Corp shares in lieu of cash retainer and committee fees, along with dividend equivalent units.

Summary

• Richard Scott Blackley, a director of SLM Corp, filed a Form 4 indicating changes in his beneficial ownership of the company's common stock.
• On March 19, 2025, Blackley acquired 913 shares of SLM Corp common stock as a grant in lieu of his 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.
• Blackley also received dividend equivalent units in connection with restricted common stock he holds.
• Following the reported transaction, Blackley beneficially owns 35,078.6322 shares of SLM Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The director's increased stake in the company could be seen as a positive signal.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a director's compensation.

Key Dates

Keywords

Form 4, beneficial ownership, SLM Corp, Richard Scott Blackley, director, common stock, dividend equivalent units, shares