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SLM Corp — Director's Dealing 2021
Feb 1, 2021
30933_dirs_2021-02-01_f56a48e4-2ade-4801-8240-02bb224d2ce4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2021-01-28
Reporting Person: McGarry Steven (EVP & Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-28 | Common Stock | F | 4283 | $13.93 | Disposed | 315549.1904 | Direct |
| 2021-01-28 | Common Stock | F | 3170 | $13.93 | Disposed | 312379.1904 | Direct |
| 2021-01-30 | Common Stock | F | 4175 | $13.88 | Disposed | 308204.1904 | Direct |
Footnotes
F1: On January 28, 2019, 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 January 28, 2020, 2021, and 2022. On January 28, 2021, 9,821 shares vested in connection with these RSUs, of which 4,283 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: Includes shares of Common Stock acquired under a dividend reinvestment plan.
F4: On January 28, 2019, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of Common Stock of SLM Corporation (the "Company"), subject to transfer restrictions that lapse in one-third increments on January 28, 2020, 2021 and 2022. On January 28, 2021, the transfer restrictions lapsed in connection with 7,258 of these RSUs, of which 3,170 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
F5: On January 30, 2020, 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 January 30, 2021, 2022, and 2023. On January 30, 2021, 9,565 shares vested in connection with these RSUs, of which 4,175 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.