Form 4: SLM Corp Director Ted Manvitz Reports Acquisition of Common Stock

Director Ted Manvitz reports acquiring 907 shares of SLM Corp common stock on December 18, 2024, through a grant in lieu of a quarterly cash retainer and committee fees.

Summary

• On December 18, 2024, Ted Manvitz, a director of SLM Corp, acquired 907 shares of 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 price per share was $0.
• Following the transaction, Manvitz beneficially owns 46,464.0242 shares of SLM Corp.
• This amount includes dividend equivalent units and shares acquired under a dividend reinvestment plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction. It doesn't inherently indicate positive or negative performance for the company.

Positives

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers, which can be informative for investors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a director's compensation in the form of company stock.

Key Dates