SLM Corp — Director's Dealing 2021

Apr 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2021-04-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-20	Common Stock	F	38760	$18.79	Disposed	1057219.50	Direct
2021-04-20	Common Stock	F	152317	$18.79	Disposed	904902.50	Direct

Footnotes

F1: On April 20, 2020, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of common stock of the Company, subject to vesting conditions, to vest in one-third increments on April 20, 2021, 2022 and 2023. On April 20, 2021, 80,246 shares vested in connection with these RSUs, of which 38,760 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F2: Includes Dividend Equivalent Units in connection with RSUs granted under the SLM Corporation 2012 Omnibus Incentive Plan.

F3: The total number of shares of common stock is adjusted to correct for a prior administrative error with respect to the number of shares of common stock reported to be held by the Reporting Person.

F4: On April 20, 2020, the reporting person was granted RSUs representing rights to receive shares of common stock of the Company, subject to vesting conditions, to vest 40% on April 20, 2021, 40% on April 20, 2022 and 20% on April 20, 2023. On April 20, 2021, 315,354 shares vested in connection with these RSUs, of which 152,317 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.