NAVIENT CORP — Director's Dealing 2019

May 10, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAVIENT CORP (NAVI)
CIK: 0001593538
Period of Report: 2019-05-09

Reporting Person: BOWEN MARJORIE L. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-09	Phantom Stock Units	$	A	7342.7874	Acquired		Common Stock (7342.7874)	Direct

Footnotes

F1: Phantom stock units acquired pursuant to the terms of the Navient Corporation Deferred Compensation Plan for Directors. Phantom stock units are settled in shares of Navient Corporation common stock, on a one-to-one basis, upon
the reporting person's separation from service. The phantom stock units will vest if the reporting person is elected as a director at the Company's 2019 annual meeting of shareholders, which meeting is currently scheduled for June 6, 2019.