SLM Corp — Director's Dealing 2023

Feb 22, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2023-02-17

Reporting Person: VIEIRA DONNA F (EVP & Chief Commercial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-17	Common Stock	A	34297	—	Acquired	139497.36	Direct
2023-02-18	Common Stock	F	2247	$14.57	Disposed	137250.36	Direct

Footnotes

F1: A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2021 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation (the "Company") Common Stock. Subject to continuing employment, these RSUs vest in one-third increments on February 17, 2024, 2025, and 2026.

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

F3: On February 18, 2022, 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 February 18, 2023, 2024, and 2025. On February 18, 2023, 7,258 shares vested in connection with these RSUs, of which 2,247 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.