0001127602-19-009455.txt : 20190304
0001127602-19-009455.hdr.sgml : 20190304
20190304164207
ACCESSION NUMBER: 0001127602-19-009455
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190228
FILED AS OF DATE: 20190304
DATE AS OF CHANGE: 20190304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KANE JOHN M
CENTRAL INDEX KEY: 0001605711
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36228
FILM NUMBER: 19654409
MAIL ADDRESS:
STREET 1: 300 CONTINENTAL DRIVE
CITY: NEWARK
STATE: DE
ZIP: 19713
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
2019-02-28
0001593538
NAVIENT CORP
NAVI
0001605711
KANE JOHN M
123 S. JUSTISON STREET
SUITE 300
WILMINGTON
DE
19801
1
EVP & Group President
Common Stock
2019-02-28
4
F
0
49049
12.22
D
404223.1644
D
Common Stock
4129.7471
I
By 401(k)
Represents performance stock units ("PSUs") awarded under the Navient Corporation 2014 Omnibus Incentive Plan and previously reported on February 3, 2016. 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 2018. On January 30, 2019, the Compensation and Personnel Committee approved the achievement of the 2016 - 2018 PSUs at 125% of target resulting in the settling on February 28, 2019, of 89,868.75 shares of such PSUs and an additional 14,047.2365 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights. In connection with this settlement, 49,049 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 0.9865 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.
Between February 6, 2019, and February 28, 2019, the reporting person acquired 789.3583 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 February 28, 2019.
/s/ Kurt T. Slawson (POA) for John M. Kane
2019-03-04