Navient (JSM) director receives 18,018 restricted stock shares in board grant

Rhea-AI Filing Summary

ARNOLD FREDERICK reported acquisition or exercise transactions in this Form 4 filing.

NAVIENT CORP director Frederick Arnold received a grant of 18,018 shares of Common Stock as restricted stock compensation at $7.77 per share. After this award, he directly holds 98,885.256 shares of Navient common stock, including 186.324 dividend-equivalent units that track the stock’s value.

The restricted shares vest in four equal installments, with 25% vesting on the June 4, 2026 grant date, and additional 25% tranches scheduled to vest on August 1, 2026, November 1, 2026, and February 1, 2027, subject to continued service on the board.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ARNOLD FREDERICK

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	18,018	$7.77	$140K

Holdings After Transaction: Common Stock — 98,885.256 shares (Direct, null)

Footnotes (1)

1. Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2024 Omnibus Incentive Plan. The restrictions lift on a quarterly basis subject to continued active service on the Navient Board of Directors as follows: 25% on the grant date (June 4, 2026); 25% on August 1, 2026; 25% on November 1, 2026; and 25% on February 1, 2027. Dividend equivalent rights (186.324 units) issued on previously unvested restricted are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation common stock.

Key Figures

Restricted stock grant: 18,018 shares Grant price: $7.77 per share Post-transaction holdings: 98,885.256 shares +3 more

6 metrics

Restricted stock grant 18,018 shares Awarded to director on June 4, 2026

Grant price $7.77 per share Value assigned to restricted stock award

Post-transaction holdings 98,885.256 shares Common stock directly held after award

Dividend-equivalent units 186.324 units Each unit equals one share economically

Initial vesting 25% on June 4, 2026 First vesting tranche of restricted stock

Subsequent vesting dates Aug 1, Nov 1 2026; Feb 1 2027 Remaining 25% tranches, subject to service

Key Terms

restricted stock, dividend equivalent rights, Omnibus Incentive Plan, non-employee director

4 terms

restricted stock financial

"Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2024 Omnibus Incentive Plan."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

dividend equivalent rights financial

"Dividend equivalent rights (186.324 units) issued on previously unvested restricted are included in the reporting person's common stock holding balance."

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Omnibus Incentive Plan financial

"Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2024 Omnibus Incentive Plan."

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

non-employee director financial

"Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2024 Omnibus Incentive Plan."

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Form 4 Insider Transactions: What Each Field Means →

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^*

ARNOLD FREDERICK

(Last) (First) (Middle)

13865 SUNRISE VALLEY DRIVE

(Street)

HERNDON VIRGINIA 20171

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NAVIENT CORP [ NAVI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/04/2026		A		18,018(1)	A	$7.77	98,885.256(2)	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. Represents a grant of restricted stock to a non-employee director under the Navient Corporation 2024 Omnibus Incentive Plan. The restrictions lift on a quarterly basis subject to continued active service on the Navient Board of Directors as follows: 25% on the grant date (June 4, 2026); 25% on August 1, 2026; 25% on November 1, 2026; and 25% on February 1, 2027.

2. Dividend equivalent rights (186.324 units) issued on previously unvested restricted are included in the reporting person's common stock holding balance. Each dividend equivalent right is the economic equivalent of one share of Navient Corporation common stock.

	/s/ Matthew Sheldon (POA) for Frederick Arnold	06/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did NAVIENT CORP (JSM) disclose for Frederick Arnold?

NAVIENT CORP reported that director Frederick Arnold received 18,018 shares of restricted Common Stock at $7.77 per share. This award is compensation for his board service and increases his direct holdings to 98,885.256 shares of Navient common stock, including dividend-equivalent units.

How do Frederick Arnold’s restricted NAVIENT CORP (JSM) shares vest?

The 18,018 restricted shares vest in four equal 25% installments. Vesting occurs on June 4, 2026, August 1, 2026, November 1, 2026, and February 1, 2027, provided Arnold continues active service on Navient’s board of directors throughout the vesting dates.

How many NAVIENT CORP (JSM) shares does Frederick Arnold hold after this Form 4?

After the grant, Frederick Arnold directly holds 98,885.256 shares of Navient common stock. This total includes 18,018 newly awarded restricted shares and 186.324 dividend-equivalent units, each economically equivalent to one share of Navient common stock under the company’s incentive arrangements.

Is the NAVIENT CORP (JSM) Form 4 transaction a market purchase or a stock grant?

The Form 4 shows a stock grant, not an open-market purchase. Frederick Arnold received 18,018 restricted shares as a director compensation award under the Navient Corporation 2024 Omnibus Incentive Plan, reflected with transaction code “A” for grant or award acquisition.

What are dividend-equivalent rights mentioned in the NAVIENT CORP (JSM) filing?

Dividend-equivalent rights are units that mirror the economics of Navient common stock dividends. Arnold holds 186.324 such units tied to previously unvested restricted stock; each unit is the economic equivalent of one Navient share and is included in his reported common stock balance.