SLM Corp — Director's Dealing 2020

Apr 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2020-04-20

Reporting Person: Witter Jonathan W. (Director, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-20	Common Stock	A	237920	—	Acquired	237920	Direct
2020-04-20	Common Stock	A	780669	—	Acquired	1018589	Direct

Footnotes

F1: Represents a long-term incentive award of restricted stock units ("RSUs") granted under the SLM Corporation 2012 Omnibus Incentive Plan (the "Plan"). Such RSUs are classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") common stock. Subject to continuing employment, these RSUs vest in one-third increments on April 20, 2021, 2022 and 2023.

F2: In connection with his appointment as Chief Executive Officer on April 20, 2020, the reporting person received this grant of RSUs under the Plan on April 20, 2020. Such RSUs are classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of the Company's common stock. Subject to continuing employment, these RSUs will vest as follows: (1) 40% will vest on April 20, 2021, (2) 40% on April 20, 2022 and (3) 20% on April 20, 2023.