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

Director Ted Manvitz reports acquiring 1,121 shares of SLM Corp common stock on September 18, 2024, in lieu of a quarterly cash retainer and committee fees.

Summary

• On September 18, 2024, Ted Manvitz, a director of SLM Corp, acquired 1,121 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 on the grant date.
• Following the transaction, Manvitz beneficially owns 45,344.5118 shares of SLM Corp common stock.
• This amount includes dividend equivalent units and shares acquired under a dividend reinvestment plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, but the amount is relatively small and part of regular 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 acquiring shares in their own company is a common practice. It is often seen as a positive signal to the market, indicating that the director believes in the company's future prospects.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates