Form 4: SLM Corp Executive Donna F. Vieira Reports Stock Award and Tax Withholding

EVP & Chief Commercial Officer of SLM Corp, Donna F. Vieira, reports acquisition of shares from vested performance stock units and shares withheld for tax obligations.

Summary

• Donna F. Vieira, EVP & Chief Commercial Officer of SLM Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 24, 2025, Vieira acquired 41,029 shares of SLM Corp common stock related to the vesting of performance stock units (PSUs) awarded on February 18, 2022.
• These shares are subject to transfer restrictions and forfeiture conditions until February 24, 2026.
• Vieira also had 18,853 shares withheld to satisfy tax obligations related to the PSU vesting at a price of $30.59 per share.
• Following these transactions, Vieira beneficially owns 158,755.1119 shares of SLM Corp common stock, which includes dividend equivalent units related to restricted stock units.

Sentiment

Score: 6

Explanation: The document is neutral, reporting routine transactions related to executive compensation. The vesting of PSUs is generally a positive sign, but the tax withholding is a neutral event.

Positives

• The vesting of performance stock units suggests that performance goals were met, which is a positive indicator.

Risks

• The newly acquired shares are subject to transfer restrictions and forfeiture conditions for one year, which could be a potential risk if employment circumstances change.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the vesting of previously awarded compensation.

Stakeholder Impact

• The vesting of PSUs aligns executive interests with shareholder value, potentially incentivizing performance.

Key Dates