Welcome to our dedicated page for Navient Corporation SEC filings (Ticker: JSM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Navient Corporation 6% Senior Notes due December 15, 2043 (JSM) provides access to the regulatory documents where this security is formally described and referenced. In Navient’s Form 8-K filings, JSM appears in the securities registration table as 6% Senior Notes due December 15, 2043, registered under Section 12(b) of the Securities Exchange Act of 1934 and listed on The NASDAQ Global Select Market.
Through this page, users can review Navient’s current reports on Form 8-K that mention JSM alongside the company’s common stock (NAVI) and preferred stock purchase rights. These filings include items such as results of operations and financial condition, where Navient reports that quarterly financial results have been posted to its investor page and furnished as exhibits, and Regulation FD disclosures indicating that strategy update presentations have been made available to investors.
AI-powered tools on Stock Titan help interpret lengthy filings by summarizing key sections and highlighting how they relate to Navient’s capital structure and registered securities, including the JSM senior notes. Users can quickly identify where JSM is listed in registration tables and understand the context of broader disclosures about Navient’s financial results and strategic updates.
In addition to Form 8-K reports, this page will surface other relevant SEC documents for Navient Corporation as they become available from EDGAR, allowing investors to follow the regulatory history that frames the 6% Senior Notes due December 15, 2043. Real-time updates and AI-assisted summaries make it easier to navigate complex filings and see how company-wide disclosures may matter for holders of JSM.
Navient Corporation reports first-quarter 2026 results showing a return to profitability on a GAAP basis and continued balance-sheet simplification. GAAP net income was $17 million, or $0.17 per diluted share, compared with a net loss of $2 million, or $(0.02), a year earlier. Core Earnings net income was $19 million, or $0.20 per diluted share, down from $26 million, or $0.25, reflecting lower net interest margins and the exit from business processing.
In Consumer Lending, net income was $35 million with a net interest margin of 2.48%. Private Education Loan originations reached $818 million, up 61% from $508 million, driven by refinance volume. Federal Education Loans generated $22 million of net income and a 0.65% net interest margin as the FFELP portfolio continued to pay down.
Navient highlighted its restructuring program and portfolio sales completed in 2024–2025, which reduced operating expenses and removed the Business Processing segment. The company returned $38 million to shareholders through $23 million of share repurchases and $15 million of dividends. The GAAP equity-to-asset ratio was 4.9% and the Adjusted Tangible Equity Ratio was 8.9% as of March 31, 2026.
Navient Corporation reported improved profitability for the quarter ended March 31, 2026. GAAP net income was $17 million, or $0.17 diluted earnings per share, compared with a net loss of $2 million, or $0.02 per share, a year earlier. Core Earnings net income was $19 million, down from $26 million.
In the Consumer Lending segment, net income was $35 million as Navient originated $818 million of Private Education Loans, a 61% increase from $508 million, driven largely by $778 million of refinance originations. Net interest margin in this segment was 2.48%, while delinquency and forbearance rates improved modestly.
The Federal Education Loans segment generated $22 million of net income with a 0.65% net interest margin as the FFELP portfolio continued to pay down. Company-wide, Navient maintained a GAAP equity-to-asset ratio of 4.9% and an adjusted tangible equity ratio of 8.9%, repurchased $23 million of common stock, paid $15 million in dividends, and issued $683 million of asset-backed securities to support funding.
Sherborne Investors and related entities updated their ownership disclosure in Navient Corp, reporting beneficial ownership of 29,449,997 common shares, or approximately 31.3% of the company. The change in percentage stems from a decrease in Navient’s outstanding shares, rather than new share purchases or sales by the reporting group.
Navient announced that Edward Bramson, who currently serves as chair of the board, has been appointed President and Chief Executive Officer, effective June 5, 2026. All reporting persons show shared voting and dispositive power over the same block of shares and report no transactions in Navient stock during the past 60 days.
Joe Fisher reported proposed sales of Common Stock under Rule 144. The notice lists three proposed dispositions: 20,000 shares on 03/12/2026, 30,000 shares on 04/13/2026, and 30,982 shares on 04/14/2026, with dollar values shown for each.
The filing also lists recent restricted stock vesting events dated 02/04/2025, 02/06/2025, 02/09/2025, and 03/03/2025 with respective share counts in the filing excerpt.
Navient Corporation is asking shareholders to vote on four key items at its 2026 virtual annual meeting. Investors will elect six directors, ratify KPMG LLP as independent auditor for 2026, cast an advisory vote on executive pay, and choose how often to hold future Say‑on‑Pay votes, with the Board recommending “ONE YEAR.”
The meeting will be held online on June 4, 2026, and shareholders of record as of April 6, 2026 can vote by internet, phone, mail, or during the webcast. Navient highlights majority voting for directors, proxy access, fully independent key committees, and stock ownership guidelines as part of its governance framework.
The proxy details a leadership transition: CEO David Yowan will step down in June 2026 but remain on the Board, while Board Chair Edward Bramson becomes combined Chair and CEO, supported by Lead Independent Director Larry Klane. The filing also outlines Sherborne Group’s 31.3% ownership, related cooperation agreement limits, and the Board’s risk, compensation, and cybersecurity oversight structures.
JSM affiliate files Form 144 reporting sales activity in Common Stock. The filing lists scheduled issuances from restricted stock vesting and an ESPP purchase and discloses that Joe Fisher sold 20,000 shares on 03/12/2026 for $160,421.29 and 30,000 shares on 04/13/2026 for $240,961.96.
JSM submitted a Form 144 notice reporting a proposed sale of common stock and prior insider sales. The excerpt shows an insider, Joe Fisher, reported sale of 20,000 shares on 03/12/2026 for $160,421.29. The filing lists multiple restricted stock vesting entries with dated share counts (examples include 3,110 on 10/07/2021, 4,542 on 02/04/2022, and 11,615 on 02/04/2023).
Dimensional Fund Advisors reported beneficial ownership of 6,383,533 shares (6.7%) of Navient Corp Common Stock. The filing states Dimensional has sole voting power over 6,274,996 shares and sole dispositive power over 6,383,533 shares; the holdings are owned by client Funds and Dimensional disclaims beneficial ownership. The filing is signed by the Global Chief Compliance Officer on 04/09/2026.
Navient Corporation announced a leadership transition in which Board Chair Edward J. Bramson will become President and Chief Executive Officer effective June 5, 2026. Current President and CEO David L. Yowan will step down from those roles on the same date but remain on the Board.
Bramson, age 75, has decades of experience leading multiple publicly traded companies and is a partner at turnaround investment firm Sherborne Investors. He will continue to serve as Board Chair, while director Larry Klane becomes lead independent director. Yowan will receive contractual termination benefits and an accelerated 2026 Management Incentive Plan bonus at 100% of target, payable on June 5, 2026.
Director Jane Thompson will retire from the Board at the conclusion of Navient’s 2026 Annual Meeting of Stockholders, expected on June 4, 2026, and the Board size will be reduced to six members. The filing also notes a 2025 services agreement under which Beatrice Associates received $868,328 in compensation.