Form 4: SLM Corp Executive Munish Pahwa Reports Stock Transactions Following RSU Vesting
SEC Form 4
Munish Pahwa, Chief Risk Officer of SLM Corp, reports the acquisition and disposal of company stock related to the vesting of restricted stock units (RSUs) and subsequent tax withholding.
Summary
- On February 16, 2025, Munish Pahwa, Chief Risk Officer of SLM Corp, reported transactions related to the vesting of restricted stock units (RSUs).
- A total of 5,963 shares vested from RSUs granted on February 16, 2024, with 2,036 shares withheld by the company at a price of $31.43 to cover tax obligations, resulting in a final holding of 72,602.7524 shares.
- Additionally, on February 17, 2025, RSUs granted on February 17, 2023, vested, resulting in 6,498 shares vesting, with 2,012 shares withheld for taxes at $31.43, and 10,217 shares vesting, with 3,163 shares withheld for taxes at $31.43, resulting in a final holding of 67,427.7524 shares.
- The reporting person now directly owns 67,427.7524 shares of SLM Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and stock ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to vesting conditions, to vest in one-third increments on February 17, 2024, 2025, and 2026. |
| 02/16/2024 | Reporting person was granted restricted stock units ('RSUs') representing rights to receive shares of Common Stock of SLM Corporation (the 'Company'), subject to vesting conditions, to vest in one-third increments on February 16, 2025, 2026, and 2027. |
| 02/16/2025 | Vesting of RSUs granted on February 16, 2024; 2,036 shares withheld for taxes at $31.43. |
| 02/17/2025 | Vesting of RSUs granted on February 17, 2023; 2,012 and 3,163 shares withheld for taxes at $31.43. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
SLM Corp, Munish Pahwa, Chief Risk Officer, Form 4, RSU, Restricted Stock Units, Beneficial Ownership, Stock Transactions, Vesting, Tax Withholding
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