NAVIENT CORP — Director's Dealing 2022

Feb 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NAVIENT CORP (NAVI)
CIK: 0001593538
Period of Report: 2022-02-04

Reporting Person: MILLS LINDA A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-04	Common Stock	A	13468	—	Acquired	115461.6927	Direct

Footnotes

F1: Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2014 Omnibus Incentive Plan. The restrictions lift on a quarterly basis subject to continued active service on the Navient Board of Directors as follows: 25% on the grant date (Feb 4, 2022); 25% on May 1, 2022; 25% on August 1, 2022; and 25% on November 1, 2022.

F2: Dividend equivalent rights (235.7702 units) issued on previously unvested restricted are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation common stock.

F3: Reflects the disposition of .7702 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.

F4: Includes 3,190.2979 shares acquired pursuant to a dividend reinvestment plan exempt from reporting pursuant to Rule 16a-11.