SLM Corp — Director's Dealing 2024

Feb 20, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SLM Corp (SLM)
CIK: 0001032033
Period of Report: 2024-02-16

Reporting Person: Boyles Jonathan (SVP & Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-16	Common Stock	A	17393	—	Acquired	151964.31	Direct
2024-02-17	Common Stock	F	2451	$20.18	Disposed	149513.31	Direct
2024-02-18	Common Stock	F	2118	$20.18	Disposed	147395.31	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 16, 2025, 2026, and 2027.

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

F3: On February 17, 2023, 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 17, 2024, 2025, and 2026. On February 17, 2024, 8,808 shares vested in connection with these RSUs, of which 2,451 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

F4: 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, 2024, 7,034 shares vested in connection with these RSUs, of which 2,118 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.