Form 4: SLM Corp Executive Kerri A. Palmer Reports Stock Transaction
SEC Form 4 Filing
Kerri A. Palmer, EVP and Chief Operational Officer of SLM Corp, reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations.
Summary
- On February 18, 2025, Kerri A. Palmer, EVP and Chief Operational Officer of SLM Corp, had 6,282 restricted stock units (RSUs) vest.
- From these vested RSUs, 2,834 shares were withheld by the company to cover Ms. Palmer's tax obligations.
- The transaction occurred at a price of $32.54 per share.
- Following the transaction, Ms. Palmer beneficially owns 156,483.6959 shares of SLM Corp common stock, which includes Dividend Equivalent Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the equity-based compensation of SLM Corp's executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the execution of an existing compensation plan.
- Employees may be interested in the details of executive compensation.
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 | Final vesting date of the restricted stock units (RSUs); 6,282 shares vested, and 2,834 shares were withheld for tax obligations. |
| 02/20/2025 | Date of the Form 4 filing. |
Keywords
SLM Corp, Kerri A. Palmer, Form 4, Beneficial Ownership, Restricted Stock Units, RSUs, Tax Withholding, Dividend Equivalent Units, EVP, Chief Operational Officer
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