SLM.NASDAQSlm CORP

Form 4: SLM Corp Executive Peter Graham Reports Changes in Beneficial Ownership After RSU Vesting

Sentiment:

SEC Form 4 Filing

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EVP, CFO & Treasurer of SLM Corp, Peter Graham, reports changes in beneficial ownership due to the vesting of restricted stock units (RSUs) and subsequent withholding of shares for tax obligations.

Summary

  • On February 16, 2024, Peter Graham was granted restricted stock units (RSUs) that vest in one-third increments on February 16, 2025, 2026, and 2027.
  • On February 16, 2025, 10,958 shares vested in connection with these RSUs.
  • 3,441 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations at a price of $31.43.
  • Following the reported transaction, Graham beneficially owns 89,037.1001 shares of Common Stock, including Dividend Equivalent Units in connection with RSUs held.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Future Outlook

The reporting person has additional RSUs that will vest in February 2026 and February 2027.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders. The vesting of RSUs is a common form of equity compensation.

Stakeholder Impact

  • The vesting of RSUs dilutes existing shareholders slightly.

Key Dates

DateDescription
02/16/2024Grant date of restricted stock units (RSUs) to Peter Graham.
02/16/2025Vesting date of the first tranche of RSUs, resulting in 10,958 shares vesting.
02/19/2025Date of the report filing.
02/16/2026Next vesting date of RSUs.
02/16/2027Final vesting date of RSUs.

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