Form 4: SLM Director Ted Manvitz Boosts Stake with Stock Grant

SLM Corp. Director Ted Manvitz acquired 906 shares of common stock on December 17, 2025, as part of his compensation, increasing his total beneficial ownership to 65,998.0201 shares.

Summary

• Ted Manvitz, a Director of SLM Corp., acquired 906 shares of common stock.
• The transaction occurred on December 17, 2025.
• These shares were granted in lieu of his quarterly cash retainer and committee fees.
• The per share value of the granted shares was equal to the closing sales price on the grant date, reported as $0 in the transaction table, which is typical for compensation grants.
• Following this transaction, Manvitz beneficially owns a total of 65,998.0201 shares of SLM Corp. common stock.
• His total beneficial ownership includes Dividend Equivalent Units issued in connection with Restricted Common Stock and shares acquired under a dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The filing indicates a director's increased stake in the company through a stock grant, which generally aligns management interests with shareholders, a positive signal for corporate governance.

Positives

• Director Ted Manvitz increased his beneficial ownership in SLM Corp. by 906 shares.
• The acquisition of shares as compensation aligns the director's interests more closely with those of the shareholders.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Grant of 906 shares of common stock to Director Ted Manvitz in lieu of his quarterly cash retainer and respective committee fees.

Stakeholder Impact

• Shareholders: The increased stock ownership by a director enhances the alignment of management's financial interests with those of the shareholders.

Key Dates

Recommendation

This Form 4 reports a routine stock grant to a director as part of their compensation package. While it increases the director's alignment with shareholders, it does not provide new fundamental information or significant market activity to warrant a change in an investment recommendation.

Keywords

SLM Corp, SLM, Ted Manvitz, Form 4, insider transaction, beneficial ownership, stock grant, director compensation