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

Director Ted Manvitz reports acquiring 1,154 shares of SLM Corp common stock in lieu of a quarterly cash retainer and committee fees.

Summary

• On March 20, 2024, Ted Manvitz, a director of SLM Corp, acquired 1,154 shares of common stock.
• These shares were 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, Manvitz beneficially owns 35,709.8425 shares of SLM Corp common stock, which includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.

Sentiment

Score: 6

Explanation: The sentiment is neutral. A director acquiring shares is generally a positive 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 receiving stock in lieu of cash compensation is a fairly common practice, aligning their interests with shareholders.

Stakeholder Impact

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

Key Dates