SLM Corp — Director's Dealing 2022

Apr 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2022-04-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-20	Common Stock	F	39357	$17.47	Disposed	996811.1272	Direct
2022-04-20	Common Stock	F	154960	$17.47	Disposed	841851.1272	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, 2022, 81,481 shares vested in connection with these RSUs, of which 39,357 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F2: Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.

F3: 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, 2022, 320,826 shares vested in connection with these RSUs, of which 154,960 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.