Form 4: SLM Corp Executive Kerri A. Palmer Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Kerri A. Palmer, EVP and Chief Operational Officer of SLM Corp, reports the vesting of performance stock units and subsequent tax withholding.
Summary
- On February 24, 2025, Kerri A. Palmer, EVP and Chief Operational Officer of SLM Corp, reported transactions related to the company's common stock.
- 33,789 shares were acquired upon 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.
- 15,239 shares were withheld to satisfy tax obligations related to the vesting of the PSUs at a price of $30.59.
- Following these transactions, Palmer beneficially owns 150,033.6959 shares of SLM Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- Shareholders gain insight into executive compensation and ownership structure.
- Employees may be interested in the details of executive stock awards.
Key Dates
| Date | Description |
|---|---|
| February 18, 2022 | Date of the original performance stock unit (PSU) award. |
| February 24, 2025 | Date of PSU vesting and tax withholding. |
| February 24, 2026 | Date when transfer restrictions and forfeiture conditions on the vested shares are lifted. |
| February 26, 2025 | Date of the signature on the Form 4 filing. |
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