Form 4: SLM Corp Executive Peter M. Graham Reports Acquisition of Restricted Stock Units

EVP, CFO & Treasurer of SLM Corp, Peter M. Graham, reports acquisition of restricted stock units and dividend equivalent units.

Summary

• Peter M. Graham, EVP, CFO & Treasurer of SLM Corp, filed a Form 4 on March 5, 2025.
• The report details the acquisition of 30,758 shares of common stock in the form of restricted stock units (RSUs) on March 3, 2025, at a price of $0.
• These RSUs vest in one-third increments on March 3, 2026, 2027, and 2028, subject to continuing employment.
• Following the reported transaction, Graham beneficially owns 119,795.1001 shares of common stock, which includes Dividend Equivalent Units in connection with RSUs held by the reporting person.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing executive compensation. It doesn't inherently indicate positive or negative performance.

Future Outlook

The RSUs vest over a three-year period (2026-2028), contingent upon continued employment, incentivizing the executive to remain with the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• The grant of RSUs aligns executive interests with those of shareholders by incentivizing long-term value creation.

Key Dates