SLM Corp — Director's Dealing 2022

Feb 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2022-01-28

Reporting Person: Kennedy Daniel P (EVP, Chief Operational Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-28	Common Stock	F	4444	$18	Disposed	213938.91	Direct
2022-01-30	Common Stock	F	3845	$18	Disposed	210093.91	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, 2022, 13,547 shares vested in connection with these RSUs, of which 4,444 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F2: Includes Dividend Equivalent Units issued in connection with RSUs held by the Reporting Person.

F3: On January 30, 2020, the reporting person was granted RSUs representing rights to receive shares of Common Stock of the Company, subject to vesting conditions, to vest in one-third increments on January 30, 2021, 2022, and 2023. On January 30, 2022, 12,419 shares vested in connection with these RSUs, of which 3,845 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.