Welcome to our dedicated page for Navient Corporation SEC filings (Ticker: JSM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Navient Corporation filings document the public-company disclosures for the issuer of the 6% Senior Notes due December 15, 2043, traded as JSM. The record includes Form 8-K reports for financial-results releases, Regulation FD presentations, leadership and officer changes, and other material corporate events.
Navient’s proxy materials cover annual meeting matters, board structure, executive compensation, shareholder voting items, and strategic initiatives. The filings also identify registered securities, including common stock, the 6% senior notes, and preferred stock purchase rights, while describing the company’s education-finance, refinancing, servicing oversight, and portfolio management operations.
JSM submitted a Form 144 notice reporting a proposed sale of common stock and prior insider sales. The excerpt shows an insider, Joe Fisher, reported sale of 20,000 shares on 03/12/2026 for $160,421.29. The filing lists multiple restricted stock vesting entries with dated share counts (examples include 3,110 on 10/07/2021, 4,542 on 02/04/2022, and 11,615 on 02/04/2023).
Dimensional Fund Advisors reported beneficial ownership of 6,383,533 shares (6.7%) of Navient Corp Common Stock. The filing states Dimensional has sole voting power over 6,274,996 shares and sole dispositive power over 6,383,533 shares; the holdings are owned by client Funds and Dimensional disclaims beneficial ownership. The filing is signed by the Global Chief Compliance Officer on 04/09/2026.
Navient Corporation announced a leadership transition in which Board Chair Edward J. Bramson will become President and Chief Executive Officer effective June 5, 2026. Current President and CEO David L. Yowan will step down from those roles on the same date but remain on the Board.
Bramson, age 75, has decades of experience leading multiple publicly traded companies and is a partner at turnaround investment firm Sherborne Investors. He will continue to serve as Board Chair, while director Larry Klane becomes lead independent director. Yowan will receive contractual termination benefits and an accelerated 2026 Management Incentive Plan bonus at 100% of target, payable on June 5, 2026.
Director Jane Thompson will retire from the Board at the conclusion of Navient’s 2026 Annual Meeting of Stockholders, expected on June 4, 2026, and the Board size will be reduced to six members. The filing also notes a 2025 services agreement under which Beatrice Associates received $868,328 in compensation.
The Vanguard Group filed Amendment No. 14 to its Schedule 13G/A for Navient Corp common stock, stating it beneficially owns 0 shares (0% of the class). The filing explains an internal realignment effective January 12, 2026 that led certain subsidiaries to report separately. The form is signed by Ashley Grim, Head of Global Fund Administration, dated March 27, 2026.
JSM submitted a Rule 144 notice to sell 20,000 shares of Common Stock through Fidelity Brokerage Services LLC. The filing lists aggregate proceeds of $160,421.29 and is dated 03/12/2026, with the shares traded on NASDAQ.
STANDISH TROY reported acquisition or exercise transactions in this Form 4 filing.
Navient Corporation executive vice president and chief operating officer Troy Standish received a grant of 51,843 shares of common stock in the form of restricted stock units on March 4, 2026, at a reference price of $8.68 per share under the 2024 Omnibus Incentive Plan.
The RSUs will be settled solely in Navient common stock and vest in one-third increments on each of the first, second and third anniversaries of the grant date. Following the grant, Standish directly holds 250,658.0174 shares of Navient common stock.
Indirectly, through the Navient 401(k) Savings Plan, he holds 15,811.9190 share equivalents of Navient common stock as of March 4, 2026, after a decrease of 17.086 share equivalents between March 2, 2026, and March 4, 2026.
HAUBER STEPHEN M reported acquisition or exercise transactions in this Form 4 filing.
Navient Corp executive Stephen M. Hauber received a stock award of 73,444 shares of common stock in the form of RSUs. The grant was made at a reference price of $8.68 per share under the Navient Corporation 2024 Omnibus Incentive Plan.
The RSUs will be settled only in Navient common stock and vest in three equal installments on the first, second, and third anniversaries of the grant date. Following this award, Hauber’s directly owned common stock holdings increased to 350,946.636 shares.
Navient Corporation executive Troy Standish reported a tax-withholding disposition of 1,783 shares of common stock at $8.62 per share. This withholding occurred when previously granted performance stock units vested based on 2023–2025 results and related dividend equivalents were issued.
The compensation committee approved achievement of these performance stock units at 59% of target, leading to settlement of 3,626.73 shares plus 486.693 dividend-equivalent shares. Standish’s balance also reflects the forfeiture of 2,858.481 performance units that did not meet threshold performance and the acquisition of 691.662 share equivalents through the Navient 401(k) Savings Plan.
Navient Corporation executive Stephen M. Hauber reported a tax-related share disposition tied to performance stock units (PSUs). On March 2, 2026, 4,838 shares of common stock were withheld by Navient to cover his tax obligations upon PSU settlement, rather than sold on the market. The PSUs, granted in 2023, vested at 59% of target for the 2023–2025 performance period, resulting in settlement of 9,671.870 shares and issuance of an additional 1,297.927 shares from dividend equivalents. After these transactions and the forfeiture of 7,623.080 PSUs for not meeting threshold performance, Hauber held 277,502.636 shares of Navient common stock directly.
Navient Corporation reported a 2025 GAAP net loss of $80 million, or $0.81 per diluted share, reversing from $131 million of net income in 2024. Core Earnings also turned to a $35 million loss from $221 million of income.
Results were pressured by a $280 million provision for loan losses, driven largely by higher delinquencies and a weaker macroeconomic outlook in both private and FFELP student loan portfolios. Net interest income slipped as loan balances declined and the mix shifted toward lower‑margin refinance loans, though FFELP margins benefited from sharply lower prepayments.
Navient continued reshaping its business, selling its healthcare services unit in 2024 and government services in early 2025, and outsourcing loan servicing. Private Education Loan originations grew 77% to $2.5 billion, even as total education loans shrank to $43.6 billion. The company returned $174 million to shareholders via buybacks and dividends and ended 2025 with a 4.9% GAAP equity‑to‑asset ratio and 9.1% Adjusted Tangible Equity Ratio.