Form 4: SLM Corp Executive Donna F. Vieira Reports Stock Transactions
SEC Form 4
EVP & Chief Commercial Officer of SLM Corp, Donna F. Vieira, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- Donna F. Vieira, EVP & Chief Commercial Officer of SLM Corp, reported transactions involving SLM Corp common stock.
- On February 18, 2025, 7,627 restricted stock units (RSUs) vested, resulting in 2,361 shares withheld by the company to cover tax obligations at a price of $32.54.
- On February 19, 2025, Vieira sold 13,717 shares of common stock at a weighted average price of $32.5171, with prices ranging from $32.34 to $32.63.
- Following these transactions, Vieira beneficially owns 136,579.1119 shares of SLM Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects routine executive stock transactions, which are neither particularly positive nor negative.
Industry Context
Executive stock transactions are a normal part of corporate governance and are regularly monitored by investors to gauge executive sentiment and potential impact on stock price.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Reporting person was granted restricted stock units (RSUs) representing rights to receive shares of Common Stock of SLM Corporation, subject to vesting conditions, to vest in one-third increments on February 18, 2023, 2024, and 2025. |
| 02/18/2023 | First vesting date of the restricted stock units (RSUs). |
| 02/18/2024 | Second vesting date of the restricted stock units (RSUs). |
| 02/18/2025 | 7,627 shares vested in connection with RSUs, of which 2,361 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations. |
| 02/19/2025 | Reporting person sold 13,717 shares of common stock. |
| 02/20/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.