0001127602-21-009416.txt : 20210304
0001127602-21-009416.hdr.sgml : 20210304
20210304162708
ACCESSION NUMBER: 0001127602-21-009416
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210302
FILED AS OF DATE: 20210304
DATE AS OF CHANGE: 20210304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HELEEN MARK L
CENTRAL INDEX KEY: 0001451729
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 21714514
MAIL ADDRESS:
STREET 1: 12061 BLUEMONT WAY
CITY: RESTON
STATE: VA
ZIP: 20190
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NAVIENT CORP
CENTRAL INDEX KEY: 0001593538
STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
IRS NUMBER: 464054283
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 123 JUSTISON STREET
STREET 2: SUITE 300
CITY: WILMINGTON
STATE: DE
ZIP: 19801
BUSINESS PHONE: 302-283-8000
MAIL ADDRESS:
STREET 1: 123 JUSTISON STREET
STREET 2: SUITE 300
CITY: WILMINGTON
STATE: DE
ZIP: 19801
FORMER COMPANY:
FORMER CONFORMED NAME: New Corp
DATE OF NAME CHANGE: 20131205
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2021-03-02
0001593538
NAVIENT CORP
NAVI
0001451729
HELEEN MARK L
123 S. JUSTISON STREET
SUITE 300
WILMINGTON
DE
19801
1
EVP, CLO & Secretary
Common Stock
2021-03-02
4
F
0
12877
12.89
D
331966.5359
D
Common Stock
9557.0225
I
By 401(k)
Represents performance stock units ("PSUs") awarded to the reporting person under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 5, 2018. Each PSU represents the right to receive one share of Navient Corporation ("Navient") common stock in the future, which target amount vests at a specified percentage and is settled based upon achieving certain performance conditions over a three-year performance period ending on the final day of fiscal year 2020. On January 29, 2021, the Compensation and Personnel Committee approved the achievement of the 2018 - 2020 PSUs at 83% of target resulting in the settling on March 2, 2021, of 22,834.9600 shares of such PSUs and an additional 4,643.0006 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 12,877 shares were withheld by Navient (as approved by the Navient Compensation and Personnel Committee) to satisfy the reporting person's tax withholding obligations.
Reflects the disposition of 0.9606 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the 2014 Navient Corporation Omnibus Incentive Plan.
The reporting person's common stock balance reflects the forfeiture of 5,628.0160 PSUs from the reporting person's beneficial ownership because the Company failed to meet the threshold performance level established for the PSUs granted for the 2018 - 2020 performance period.
Between February 8, 2021, and March 2, 2021, the reporting person acquired 298.7948 share equivalents of Navient common stock under the Navient 401(k) Savings Plan. The information in this report is based on the reporting person's actual account balance as of March 2, 2021.
/s/ Kurt T. Slawson (POA) for Mark L. Heleen
2021-03-04