Navient (NYSE: NAVI) director granted 18,018 restricted stock units

Rhea-AI Filing Summary

Lawson Michael A reported acquisition or exercise transactions in this Form 4 filing.

Navient Corp director Michael A. Lawson received a grant of 18,018 shares of common stock on June 4, 2026, treated as restricted stock under the Navient Corporation 2024 Omnibus Incentive Plan at a reference price of $7.77 per share.

The restrictions lift in four equal installments: 25% on the June 4, 2026 grant date, 25% on August 1, 2026, 25% on November 1, 2026, and 25% on February 1, 2027, subject to continued service on the board. Following this grant, Lawson directly holds 55,928.256 shares of Navient common stock, which include 186.324 dividend equivalent rights that mirror the value of common shares.

Insider Trade Summary

Net Buyer: 18,018 shares

Net Buy 1 txn

Insider Lawson Michael A

Role Director

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

Holdings After Transaction: Common Stock — 55,928.256 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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 reference price: $7.77 per share Post-grant holdings: 55,928.256 shares +2 more

5 metrics

Restricted stock grant 18,018 shares Grant to non-employee director on June 4, 2026

Grant reference price $7.77 per share Common stock grant valuation

Post-grant holdings 55,928.256 shares Common stock held directly after transaction

Dividend equivalent rights 186.324 units Each unit equals one Navient common share economically

Vesting schedule tranches 4 installments of 25% Vesting from June 4, 2026 to February 1, 2027

Key Terms

restricted stock, Navient Corporation 2024 Omnibus Incentive Plan, dividend equivalent rights

3 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.

Navient Corporation 2024 Omnibus Incentive Plan financial

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

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/05/2026 - 05:09 PM Accepted by SEC EDGAR 06/05/2026 - 05:09 PM Learn about SEC filing dates

FAQ

What did Navient director Michael A. Lawson receive in this Form 4 (JSM)?

Michael A. Lawson received a grant of 18,018 shares of Navient Corp common stock as restricted stock. The award was made under the Navient Corporation 2024 Omnibus Incentive Plan and represents compensation for his role as a non-employee director.

How do the vesting restrictions work on Lawson’s Navient stock grant (JSM)?

The 18,018-share restricted stock grant vests in four equal 25% installments. Vesting occurs on June 4, 2026, August 1, 2026, November 1, 2026, and February 1, 2027, and is conditioned on Lawson’s continued active service on Navient’s board.

What is Michael A. Lawson’s total Navient shareholding after this grant (JSM)?

After the grant, Michael A. Lawson directly holds 55,928.256 shares of Navient common stock. This figure includes previously accumulated dividend equivalent rights that track the economic value of additional shares alongside his restricted stock holdings.

What are the dividend equivalent rights mentioned in Lawson’s Navient Form 4 (JSM)?

Dividend equivalent rights are units that mirror cash dividends on underlying restricted shares. Lawson has 186.324 such units, each economically equivalent to one Navient common share, and these units are included in his reported common stock holding balance.

Under which plan was Lawson’s Navient restricted stock grant made (JSM)?

The 18,018-share restricted stock grant was issued under the Navient Corporation 2024 Omnibus Incentive Plan. This plan governs equity-based awards to eligible participants, including non-employee directors such as Michael A. Lawson.

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^*

Lawson Michael A

(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	55,928.256(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 Michael A. Lawson	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)