Kerri A. Palmer - Feb 5, 2022 Form 4 Insider Report for SLM Corp (SLM)

Signature
/s/ Jeffrey Lipschutz (POA) for Kerri A. Palmer
Stock symbol
SLM
Transactions as of
Feb 5, 2022
Transactions value $
-$27,138
Form type
4
Date filed
2/8/2022, 04:17 PM
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLM Common Stock Tax liability -$27.1K -1.36K -11.8% $19.94 10.2K Feb 5, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 5, 2021, the 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 5, 2022, 2023, and 2024. On February 5, 2022, 3,843 shares vested in connection with these RSUs, of which 1,361 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F2 Includes Dividend Equivalent Units issued in connection with RSUs held by the Reporting Person.