Form 4: SLM Corp Executive Nicolas Jafarieh Reports Stock Transaction
SEC Form 4 Filing
EVP Nicolas Jafarieh reports disposition of SLM Corp shares to cover tax obligations upon RSU vesting.
Summary
- On February 18, 2025, Nicolas Jafarieh, an EVP at SLM Corp, had 6,820 restricted stock units (RSUs) vest.
- The company withheld 2,197 shares at a price of $32.54 to cover tax obligations related to the vesting of these RSUs.
- Following the transaction, Jafarieh directly owns 175,074.6058 shares of SLM Corp common stock, including dividend equivalent units.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, and doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding the transactions of those with privileged information.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the standard withholding of shares for tax purposes related to 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 |
| 02/18/2023 | First vesting date of the RSU grant. |
| 02/18/2024 | Second vesting date of the RSU grant. |
| 02/18/2025 | RSUs vested; shares withheld for tax obligations. |
| 02/20/2025 | Date of Form 4 signature. |
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