Form 4: SLM Corp Executive Munish Pahwa Reports Stock Transaction

Munish Pahwa, Chief Risk Officer of SLM Corp, reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations.

Summary

• On February 18, 2025, Munish Pahwa, the Chief Risk Officer of SLM Corp, had 5,609 restricted stock units (RSUs) vest.
• Of these, 1,737 shares were withheld by the company to cover tax obligations at a price of $32.54 per share.
• Following the transaction, Pahwa beneficially owns 65,690.7524 shares of SLM Corp common stock, which includes dividend equivalent units related to the RSUs.
• The RSUs were initially granted on February 18, 2022, and vested in one-third increments annually starting February 18, 2023.

Sentiment

Score: 5

Explanation: This is a routine transaction report; sentiment is neutral as it reflects standard compensation practices.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity compensation.
• Employees may be interested in the details of executive compensation.

Key Dates

Keywords

SLM Corp, Munish Pahwa, Restricted Stock Units, RSUs, Form 4, Beneficial Ownership, Tax Withholding, Chief Risk Officer, Stock Transaction