Form 4: SLM Corp Executive Donna Vieira Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
EVP & Chief Commercial Officer of SLM Corp, Donna Vieira, reports disposition of shares to cover tax obligations following the vesting of restricted stock units.
Summary
- Donna Vieira, EVP & Chief Commercial Officer of SLM Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 16, 2025, 7,811 shares vested from RSUs granted on February 16, 2024, with 2,235 shares withheld for tax obligations at a price of $31.43.
- On February 17, 2025, 12,015 shares vested from RSUs granted on February 17, 2023, with 3,874 shares withheld for tax obligations at a price of $31.43.
- Following these transactions, Vieira directly owns 152,657.1119 shares of SLM Corp common stock, inclusive of dividend equivalent units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
- The practice of withholding shares to cover tax obligations upon RSU vesting is a common method used by companies to simplify the tax process for employees.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date RSUs were granted to the reporting person, vesting in one-third increments on February 17, 2024, 2025, and 2026. |
| 02/16/2024 | Date RSUs were granted to the reporting person, vesting in one-third increments on February 16, 2025, 2026, and 2027. |
| 02/16/2025 | Date of transaction where 2,235 shares were disposed of to cover tax obligations related to RSU vesting. |
| 02/17/2025 | Date of transaction where 3,874 shares were disposed of to cover tax obligations related to RSU vesting. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, SLM Corp, Donna Vieira, RSU, Restricted Stock Units, Vesting, Tax Withholding, Securities
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