AG˹ٷ

STOCK TITAN

[Form 4] SLM Corporation Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

SLM Corporation (ticker: SLM) � Form 4 filing dated 20 June 2025

Independent director Ted Manvitz reported two equity awards that increased his direct ownership of SLM common stock by a combined 6,049 shares. On 17 June 2025 he received 5,281 restricted shares under the 2025 Independent Director Restricted Stock Agreement as part of the annual board retainer. On 18 June 2025 he accepted an additional 768 shares in lieu of his quarterly cash retainer and committee fees. Both grants were priced at $0 because they represent non-cash compensation. Following the transactions, Manvitz holds 63,720.6801 shares directly, including dividend-equivalent units and shares acquired through SLM’s dividend reinvestment plan. No derivative securities were reported and no open-market purchases or sales occurred.

The filing reflects routine director compensation rather than discretionary insider buying or selling, and the share count involved is immaterial relative to SLM’s total shares outstanding. Accordingly, the Form 4 is unlikely to have a material impact on the company’s valuation or trading dynamics.

SLM Corporation (simbolo: SLM) � Comunicazione Form 4 datata 20 giugno 2025

Il direttore indipendente Ted Manvitz ha segnalato due assegnazioni di azioni che hanno aumentato la sua proprietà diretta di azioni ordinarie SLM di un totale di 6.049 azioni. Il 17 giugno 2025 ha ricevuto 5.281 azioni vincolate nell’ambito dell’Accordo sulle Azioni Vincolate per Direttori Indipendenti 2025 come parte del compenso annuale per il consiglio. Il 18 giugno 2025 ha accettato ulteriori 768 azioni in sostituzione del compenso trimestrale in contanti e delle commissioni di comitato. Entrambe le assegnazioni sono state valutate a 0 $ poiché rappresentano compensi non in denaro. Dopo queste operazioni, Manvitz detiene direttamente 63.720,6801 azioni, incluse unità equivalenti ai dividendi e azioni acquisite tramite il piano di reinvestimento dei dividendi di SLM. Non sono stati segnalati titoli derivati né acquisti o vendite sul mercato aperto.

La comunicazione riflette una normale compensazione per il direttore piuttosto che acquisti o vendite discrezionali da parte di insider, e il numero di azioni coinvolte è irrilevante rispetto al totale delle azioni in circolazione di SLM. Pertanto, il Form 4 è improbabile che abbia un impatto significativo sulla valutazione o sulle dinamiche di mercato della società.

SLM Corporation (símbolo: SLM) � Presentación del Formulario 4 con fecha 20 de junio de 2025

El director independiente Ted Manvitz reportó dos concesiones de acciones que aumentaron su propiedad directa de acciones ordinarias de SLM en un total combinado de 6,049 acciones. El 17 de junio de 2025 recibió 5,281 acciones restringidas bajo el Acuerdo de Acciones Restringidas para Directores Independientes 2025 como parte de la compensación anual del consejo. El 18 de junio de 2025 aceptó 768 acciones adicionales en lugar de su compensación trimestral en efectivo y honorarios de comité. Ambas concesiones fueron valoradas en $0 ya que representan compensación no monetaria. Tras estas transacciones, Manvitz posee directamente 63,720.6801 acciones, incluyendo unidades equivalentes a dividendos y acciones adquiridas a través del plan de reinversión de dividendos de SLM. No se reportaron valores derivados ni compras o ventas en el mercado abierto.

La presentación refleja una compensación rutinaria para el director y no compras o ventas discrecionales de insiders, y la cantidad de acciones involucradas es insignificante en relación con el total de acciones en circulación de SLM. Por lo tanto, es poco probable que el Formulario 4 tenga un impacto material en la valoración o dinámica de negociación de la empresa.

SLM 코퍼레이� (티커: SLM) � 2025� 6� 20일자 Form 4 제출

독립 이사 Ted Manvitz가 � 건의 주식 보상� 보고하여 SLM 보통� 직접 보유량을 � 6,049� 증가시켰습니�. 2025� 6� 17�, 그는 연간 이사� 보수� 일환으로 2025� 독립 이사 제한 주식 계약� 따라 5,281� 제한 주식� 받았습니�. 2025� 6� 18일에� 분기 현금 보수 � 위원� 수수� 대� 768�� 추가� 수령했습니다. � 보상 모두 현금� 아닌 보상으로 $0� 평가되었습니�. 거래 � Manvitz� 배당� 등가 단위 � SLM� 배당� 재투� 계획� 통해 취득� 주식� 포함하여 직접 63,720.6801�� 보유하고 있습니다. 파생 증권 보고� 공개 시장에서� 매매� 없었습니�.

이번 제출은 임원� 재량 매매가 아닌 일상적인 이사 보수� 반영하며, 관� 주식 수는 SLM� � 발행 주식� 비해 미미합니�. 따라� Form 4� 회사� 가� 평가� 거래 동향� 중대� 영향� 미칠 가능성은 낮습니다.

SLM Corporation (symbole : SLM) � Dépôt du Formulaire 4 daté du 20 juin 2025

Le directeur indépendant Ted Manvitz a déclaré deux attributions d’actions qui ont augmenté sa détention directe d’actions ordinaires SLM de 6 049 actions au total. Le 17 juin 2025, il a reçu 5 281 actions restreintes dans le cadre de l’Accord sur les actions restreintes des administrateurs indépendants 2025, en tant que partie de la rémunération annuelle du conseil. Le 18 juin 2025, il a accepté 768 actions supplémentaires en lieu et place de sa rémunération trimestrielle en espèces et des frais de comité. Les deux attributions ont été évaluées à 0 $ car elles représentent une rémunération non monétaire. À la suite de ces opérations, Manvitz détient directement 63 720,6801 actions, incluant des unités équivalentes aux dividendes et des actions acquises via le plan de réinvestissement des dividendes de SLM. Aucun titre dérivé n’a été déclaré et aucune transaction sur le marché libre n’a eu lieu.

Ce dépôt reflète une rémunération habituelle des administrateurs plutôt que des achats ou ventes discrétionnaires d’initiés, et le nombre d’actions concernées est négligeable par rapport au total des actions en circulation de SLM. Par conséquent, il est peu probable que ce Formulaire 4 ait un impact significatif sur la valorisation ou la dynamique de négociation de la société.

SLM Corporation (Ticker: SLM) � Form 4 Einreichung vom 20. Juni 2025

Der unabhängige Direktor Ted Manvitz meldete zwei Aktienzuteilungen, die seinen direkten Besitz an SLM-Stammaktien um insgesamt 6.049 Aktien erhöhten. Am 17. Juni 2025 erhielt er 5.281 eingeschränkte Aktien im Rahmen der Vereinbarung für eingeschränkte Aktien unabhängiger Direktoren 2025 als Teil der jährlichen Vergütung des Vorstands. Am 18. Juni 2025 akzeptierte er weitere 768 Aktien anstelle seiner vierteljährlichen Barvergütung und Ausschussgebühren. Beide Zuteilungen wurden mit 0 $ bewertet, da sie eine nicht-monetäre Vergütung darstellen. Nach den Transaktionen hält Manvitz direkt 63.720,6801 Aktien, einschließlich Dividendenäquivalenteinheiten und Aktien, die durch das Dividenden-Reinvestitionsprogramm von SLM erworben wurden. Es wurden keine derivativen Wertpapiere gemeldet und keine Käufe oder Verkäufe am offenen Markt getätigt.

Die Meldung spiegelt eine routinemäßige Direktorenvergütung wider und keine diskretionären Insiderkäufe oder -verkäufe, und die Anzahl der beteiligten Aktien ist im Verhältnis zu den insgesamt ausstehenden Aktien von SLM unerheblich. Daher ist es unwahrscheinlich, dass das Form 4 einen wesentlichen Einfluss auf die Bewertung oder das Handelsgeschehen des Unternehmens hat.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director stock grants; negligible ownership change; neutral market impact.

The Form 4 shows Ted Manvitz accepted equity instead of cash for his board retainer, adding just over 6 k shares. These are automatic, no-cost issuances under SLM’s 2021 Omnibus Incentive Plan, not open-market buys that might signal heightened insider confidence. The resulting 63.7 k-share stake is immaterial versus SLM’s ~240 m shares outstanding, so dilution is de minimis and sentiment impact limited. Investors may view equity-based compensation as alignment with shareholders, but the scale is too small to influence valuation or governance considerations materially.

SLM Corporation (simbolo: SLM) � Comunicazione Form 4 datata 20 giugno 2025

Il direttore indipendente Ted Manvitz ha segnalato due assegnazioni di azioni che hanno aumentato la sua proprietà diretta di azioni ordinarie SLM di un totale di 6.049 azioni. Il 17 giugno 2025 ha ricevuto 5.281 azioni vincolate nell’ambito dell’Accordo sulle Azioni Vincolate per Direttori Indipendenti 2025 come parte del compenso annuale per il consiglio. Il 18 giugno 2025 ha accettato ulteriori 768 azioni in sostituzione del compenso trimestrale in contanti e delle commissioni di comitato. Entrambe le assegnazioni sono state valutate a 0 $ poiché rappresentano compensi non in denaro. Dopo queste operazioni, Manvitz detiene direttamente 63.720,6801 azioni, incluse unità equivalenti ai dividendi e azioni acquisite tramite il piano di reinvestimento dei dividendi di SLM. Non sono stati segnalati titoli derivati né acquisti o vendite sul mercato aperto.

La comunicazione riflette una normale compensazione per il direttore piuttosto che acquisti o vendite discrezionali da parte di insider, e il numero di azioni coinvolte è irrilevante rispetto al totale delle azioni in circolazione di SLM. Pertanto, il Form 4 è improbabile che abbia un impatto significativo sulla valutazione o sulle dinamiche di mercato della società.

SLM Corporation (símbolo: SLM) � Presentación del Formulario 4 con fecha 20 de junio de 2025

El director independiente Ted Manvitz reportó dos concesiones de acciones que aumentaron su propiedad directa de acciones ordinarias de SLM en un total combinado de 6,049 acciones. El 17 de junio de 2025 recibió 5,281 acciones restringidas bajo el Acuerdo de Acciones Restringidas para Directores Independientes 2025 como parte de la compensación anual del consejo. El 18 de junio de 2025 aceptó 768 acciones adicionales en lugar de su compensación trimestral en efectivo y honorarios de comité. Ambas concesiones fueron valoradas en $0 ya que representan compensación no monetaria. Tras estas transacciones, Manvitz posee directamente 63,720.6801 acciones, incluyendo unidades equivalentes a dividendos y acciones adquiridas a través del plan de reinversión de dividendos de SLM. No se reportaron valores derivados ni compras o ventas en el mercado abierto.

La presentación refleja una compensación rutinaria para el director y no compras o ventas discrecionales de insiders, y la cantidad de acciones involucradas es insignificante en relación con el total de acciones en circulación de SLM. Por lo tanto, es poco probable que el Formulario 4 tenga un impacto material en la valoración o dinámica de negociación de la empresa.

SLM 코퍼레이� (티커: SLM) � 2025� 6� 20일자 Form 4 제출

독립 이사 Ted Manvitz가 � 건의 주식 보상� 보고하여 SLM 보통� 직접 보유량을 � 6,049� 증가시켰습니�. 2025� 6� 17�, 그는 연간 이사� 보수� 일환으로 2025� 독립 이사 제한 주식 계약� 따라 5,281� 제한 주식� 받았습니�. 2025� 6� 18일에� 분기 현금 보수 � 위원� 수수� 대� 768�� 추가� 수령했습니다. � 보상 모두 현금� 아닌 보상으로 $0� 평가되었습니�. 거래 � Manvitz� 배당� 등가 단위 � SLM� 배당� 재투� 계획� 통해 취득� 주식� 포함하여 직접 63,720.6801�� 보유하고 있습니다. 파생 증권 보고� 공개 시장에서� 매매� 없었습니�.

이번 제출은 임원� 재량 매매가 아닌 일상적인 이사 보수� 반영하며, 관� 주식 수는 SLM� � 발행 주식� 비해 미미합니�. 따라� Form 4� 회사� 가� 평가� 거래 동향� 중대� 영향� 미칠 가능성은 낮습니다.

SLM Corporation (symbole : SLM) � Dépôt du Formulaire 4 daté du 20 juin 2025

Le directeur indépendant Ted Manvitz a déclaré deux attributions d’actions qui ont augmenté sa détention directe d’actions ordinaires SLM de 6 049 actions au total. Le 17 juin 2025, il a reçu 5 281 actions restreintes dans le cadre de l’Accord sur les actions restreintes des administrateurs indépendants 2025, en tant que partie de la rémunération annuelle du conseil. Le 18 juin 2025, il a accepté 768 actions supplémentaires en lieu et place de sa rémunération trimestrielle en espèces et des frais de comité. Les deux attributions ont été évaluées à 0 $ car elles représentent une rémunération non monétaire. À la suite de ces opérations, Manvitz détient directement 63 720,6801 actions, incluant des unités équivalentes aux dividendes et des actions acquises via le plan de réinvestissement des dividendes de SLM. Aucun titre dérivé n’a été déclaré et aucune transaction sur le marché libre n’a eu lieu.

Ce dépôt reflète une rémunération habituelle des administrateurs plutôt que des achats ou ventes discrétionnaires d’initiés, et le nombre d’actions concernées est négligeable par rapport au total des actions en circulation de SLM. Par conséquent, il est peu probable que ce Formulaire 4 ait un impact significatif sur la valorisation ou la dynamique de négociation de la société.

SLM Corporation (Ticker: SLM) � Form 4 Einreichung vom 20. Juni 2025

Der unabhängige Direktor Ted Manvitz meldete zwei Aktienzuteilungen, die seinen direkten Besitz an SLM-Stammaktien um insgesamt 6.049 Aktien erhöhten. Am 17. Juni 2025 erhielt er 5.281 eingeschränkte Aktien im Rahmen der Vereinbarung für eingeschränkte Aktien unabhängiger Direktoren 2025 als Teil der jährlichen Vergütung des Vorstands. Am 18. Juni 2025 akzeptierte er weitere 768 Aktien anstelle seiner vierteljährlichen Barvergütung und Ausschussgebühren. Beide Zuteilungen wurden mit 0 $ bewertet, da sie eine nicht-monetäre Vergütung darstellen. Nach den Transaktionen hält Manvitz direkt 63.720,6801 Aktien, einschließlich Dividendenäquivalenteinheiten und Aktien, die durch das Dividenden-Reinvestitionsprogramm von SLM erworben wurden. Es wurden keine derivativen Wertpapiere gemeldet und keine Käufe oder Verkäufe am offenen Markt getätigt.

Die Meldung spiegelt eine routinemäßige Direktorenvergütung wider und keine diskretionären Insiderkäufe oder -verkäufe, und die Anzahl der beteiligten Aktien ist im Verhältnis zu den insgesamt ausstehenden Aktien von SLM unerheblich. Daher ist es unwahrscheinlich, dass das Form 4 einen wesentlichen Einfluss auf die Bewertung oder das Handelsgeschehen des Unternehmens hat.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Manvitz Ted

(Last) (First) (Middle)
300 CONTINENTAL DRIVE

(Street)
NEWARK DE 19713

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SLM Corp [ SLM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/17/2025 A 5,281(1) A $0 62,952.6801(2)(3) D
Common Stock 06/18/2025 A 768(4) A $0 63,720.6801(2)(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2025 Independent Director Restricted Stock Agreement (the "2025 Agreement") in partial payment of the annual retainer to independent directors. The Restricted Common Stock award is subject to vesting upon the terms set forth in the 2025 Agreement.
2. Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.
3. Includes shares of SLM Corporation's Common Stock (the "Shares") acquired under a dividend reinvestment plan.
4. Represents a grant of the Shares received in lieu of the reporting person's quarterly cash retainer and respective committee fees. The per share value of the Shares was equal to the closing sales price per share as of the grant date.
Remarks:
/s/ Jeffrey Lipschutz (POA) for Ted Manvitz 06/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many SLM shares did director Ted Manvitz acquire in June 2025?

6,049 shares � 5,281 restricted shares on 17 June and 768 shares on 18 June 2025.

What is Ted Manvitz’s total SLM share ownership after the Form 4 transactions?

He now directly owns 63,720.6801 shares of SLM common stock.

Were the shares purchased on the open market?

No. The shares were equity grants issued at $0 under SLM’s director compensation plans.

Do the transactions include derivative securities?

No derivative securities were reported in Table II of the filing.

Why did Manvitz receive the additional 768 shares on 18 June 2025?

They were granted in lieu of his quarterly cash retainer and committee fees, valued at the closing price on the grant date.

Does this Form 4 indicate any change in SLM’s fundamentals?

No. It reflects routine director compensation and is not expected to affect SLM’s financial performance or capital structure.
Slm Corp

NASDAQ:SLM

SLM Rankings

SLM Latest News

SLM Latest SEC Filings

SLM Stock Data

6.64B
206.48M
0.91%
107.5%
4.21%
Credit Services
Personal Credit Institutions
United States
NEWARK