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Turner Steven Allen reported acquisition or exercise transactions in this Form 4 filing.
SLM Corp executive Steven Allen Turner, EVP and Chief Technology & Enablement, received a grant of 58,877 shares of Common Stock in the form of restricted stock units under the SLM Corporation 2021 Omnibus Incentive Plan. The RSUs will settle solely in SLM common shares.
Subject to continuing employment, 55% of the RSUs vest on April 1, 2027, 35% vest on April 1, 2028, and 10% vest on April 1, 2029. Following this award, Turner directly holds 84,218.5 shares of SLM common stock, including Dividend Equivalent Units related to RSUs.
GREIG HENRY F reported acquisition or exercise transactions in this Form 4 filing.
SLM Corp director Henry F. Greig received a stock grant of 1,274 shares of Common Stock as part of his board compensation. The shares were granted in lieu of his quarterly cash retainer and committee fees, valued at the closing market price on the grant date. Following this award, he directly holds a total of 8,459.3 shares, which include Dividend Equivalent Units linked to previously granted restricted stock.
Blackley Richard Scott reported acquisition or exercise transactions in this Form 4 filing.
SLM Corp director Richard Scott Blackley received a grant of 1,402 shares of Common Stock on March 18, 2026. These shares were awarded in lieu of his quarterly cash retainer and committee fees, with the per-share value based on the closing price on the grant date.
After this grant, Blackley directly holds 33,040.3 shares of SLM Common Stock, which includes dividend equivalent units tied to previously awarded restricted stock. This is a routine, compensation-related equity award rather than an open-market purchase or sale.
SLM Corp director Richard Scott Blackley reported a bona fide gift of 11,702 shares of Common Stock on a Form 4. The shares were gifted to a trust, and the reporting person disclaims beneficial ownership of those shares. After the gift, he reports holding 31,603.679 shares directly, including Dividend Equivalent Units issued in connection with restricted common stock.
SLM Corporation announced that its wholly owned subsidiary, Sallie Mae Bank, has reached indicative terms for a potential sale of a portfolio of approximately $2 billion in private education loans. The potential transaction is expected to close in the first quarter of 2026, but remains subject to negotiation and execution of definitive documents, customary closing conditions, and any required approvals. The update is being shared in connection with CEO Jon Witter’s appearance at the 2026 RBC Capital Markets Global Financial Institutions Conference and is provided as a Regulation FD disclosure, with no assurance that the loan sale will be completed.
SLM Corporation, commonly known as Sallie Mae, entered into a $200 million accelerated share repurchase agreement with Goldman Sachs to buy back its common stock under a previously authorized $500 million repurchase program.
Goldman Sachs will deliver most of the shares shortly after execution, with the final number based on a discounted volume-weighted average stock price during the agreement term. Depending on that price, Sallie Mae could receive additional shares at settlement or may need to deliver shares or cash. The company expects the ASR to be completed before the end of the second quarter of 2026.
Before this ASR, Sallie Mae had already repurchased approximately $91 million of common stock in 2026, bringing first-quarter repurchases and commitments to nearly $300 million and signaling an aggressive approach to returning capital to shareholders.
SLM Corp director and CEO Jonathan W. Witter reported equity compensation activity and related tax withholding. On March 2, he acquired 165,147 shares of Common Stock through a grant of restricted stock units at a stated price of $0.0000 per share under the 2021 Omnibus Incentive Plan. These RSUs are scheduled to vest in one-third increments on March 2, 2027, 2028, and 2029, subject to continued employment.
On March 3, 18,411 shares of Common Stock were disposed of at $19.19 per share as shares withheld by the company to cover his tax withholding obligations upon vesting of an earlier RSU grant. After these transactions, he directly owned a reported 1,423,877.693 shares of Common Stock, including dividend equivalent units tied to RSUs.
Turner Steven Allen reported acquisition or exercise transactions in this Form 4 filing.
SLM Corp executive Steven Allen Turner, EVP and Chief Technology & Enablement Officer, received a grant of 25,052 shares of common stock at a price of $0.00 per share. The footnotes explain this is a long-term incentive award of restricted stock units under the 2021 Omnibus Incentive Plan, which will be settled in SLM common stock. Subject to his continued employment, these RSUs vest in three equal installments on March 2, 2027, 2028, and 2029, aligning his compensation with the company’s long-term performance.
SLM Corp executive Kerri A. Palmer reported equity compensation activity involving company common stock. On March 2, she acquired 43,512 shares at $0.0000 per share through a grant of restricted stock units under the 2021 Omnibus Incentive Plan, which will vest in one-third increments on March 2, 2027, 2028, and 2029, subject to continued employment. On March 3, 3,596 shares were disposed of at $19.19 per share to cover tax withholding on 7,973 vested RSUs from a prior grant, leaving her with 169,037.295 shares of common stock held directly.
SLM Corp executive Munish Pahwa, EVP & Chief Risk Officer, reported equity compensation activity involving company common stock. On March 2, 2026, he acquired 23,074 restricted stock units as a long-term incentive award that vest in one-third increments on March 2, 2027, 2028, and 2029. On March 3, 2026, 2,332 shares were withheld at $19.19 per share to cover taxes on the vesting of 5,074 shares from a prior RSU grant, leaving him with 84,743.242 shares directly owned.