SLM Corp — Director's Dealing 2023

Jun 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2023-06-21

Reporting Person: Manvitz Ted (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-21	Common Stock	A	1492	—	Acquired	23786.6853	Direct
2023-06-21	Common Stock	A	7589	—	Acquired	31375.6853	Direct

Footnotes

F1: Represents a grant of shares of SLM Corporation's Common Stock (the "Shares") received in lieu of the reporting person's quarterly cash retainer and respective committee fees. The per share value of the Shares was equal to the closing sales price per share as of the grant date.

F2: Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.

F3: The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2023 Independent Director Restricted Stock Agreement (the "2023 Agreement") in partial payment of the annual retainer to independent directors. The Restricted Common Stock award is subject to vesting upon the terms set forth in the 2023 Agreement.