SLM Corp (SLM) EVP Turner receives 29,438 restricted stock units in award

Rhea-AI Filing Summary

Turner Steven Allen reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp executive Steven Allen Turner, EVP and Chief Technology & Enablement, received a grant of 29,438 shares of Common Stock classified as restricted stock units under the 2021 Omnibus Incentive Plan. These RSUs vest over time, with 55% on April 1, 2027, 35% on April 1, 2028, and 10% on April 1, 2029, subject to continued employment. After this award, Turner directly holds 54,652.675 shares, including associated dividend equivalent units credited on existing RSU holdings.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Turner Steven Allen

Role EVP, Chief Tech. & Enablement

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	29,438	$0.00	--

Holdings After Transaction: Common Stock — 54,652.675 shares (Direct, null)

Footnotes (1)

1. A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2021 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation Common Stock. Subject to continuing employment, 55% of the RSUs vest on April 1, 2027, 35% of the RSUs vest on April 1, 2028, and 10% of the RSUs vest on April 1, 2029. Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.

Key Figures

RSU grant size: 29,438 shares Post-award holdings: 54,652.675 shares 2027 vesting portion: 55% of RSUs +2 more

5 metrics

RSU grant size 29,438 shares Restricted stock units classified as Common Stock granted on April 1, 2026

Post-award holdings 54,652.675 shares Total Common Stock held directly after the RSU grant

2027 vesting portion 55% of RSUs Vests on April 1, 2027, subject to continued employment

2028 vesting portion 35% of RSUs Vests on April 1, 2028, subject to continued employment

2029 vesting portion 10% of RSUs Vests on April 1, 2029, subject to continued employment

Key Terms

restricted stock units, Dividend Equivalent Units, 2021 Omnibus Incentive Plan

3 terms

restricted stock units financial

"A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2021 Omnibus Incentive Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Dividend Equivalent Units financial

"Includes Dividend Equivalent Units in connection with RSUs held by the reporting person"

Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.

2021 Omnibus Incentive Plan financial

"under the SLM Corporation 2021 Omnibus Incentive Plan, which is classified as "Common Stock""

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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^*

Turner Steven Allen

(Last) (First) (Middle)

300 CONTINENTAL DRIVE

(Street)

NEWARK DELAWARE 19713

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SLM Corp [ SLM ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Tech. & Enablement

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
04/02/2026

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	04/01/2026		A		29,438(1)	A	$0	54,652.675(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. A long-term incentive award of restricted stock units ("RSUs") under the SLM Corporation 2021 Omnibus Incentive Plan, which is classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares of SLM Corporation Common Stock. Subject to continuing employment, 55% of the RSUs vest on April 1, 2027, 35% of the RSUs vest on April 1, 2028, and 10% of the RSUs vest on April 1, 2029.

2. Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.

Remarks:

This Form 4 Amendment is being filed to correct an administrative error pertaining to the Form 4 filed with the SEC on April 2, 2026 for the reporting person. The amount of "Securities Acquired" in Box 4 was updated to reflect the intended amount of RSUs under the SLM Corporation 2021 Omnibus Incentive Plan awarded to the reporting person. In addition, the "Amount of Securities Beneficially Owned Following Reported Transaction(s)" in Box 5 was also updated to reflect the total number of shares beneficially owned by the reporting person following the receipt of such award.

	/s/ Richard Nelson (POA) for Steven Allen Turner	06/18/2026
	** 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 SLM (SLM) report for Steven Allen Turner?

SLM reported that EVP and Chief Technology & Enablement Steven Allen Turner received a grant of 29,438 restricted stock units classified as Common Stock. The award was made at no cash cost per share as part of the company’s long-term incentive compensation program.

How many SLM (SLM) shares does Steven Allen Turner hold after this award?

Following the grant, Steven Allen Turner directly holds 54,652.675 shares of SLM Common Stock. This figure includes shares from the new restricted stock unit award and dividend equivalent units previously credited on his outstanding RSU holdings under the company’s incentive plan.

What is the vesting schedule for Steven Allen Turner’s new SLM RSU award?

The 29,438 restricted stock units vest in stages over three years, subject to continued employment. According to the award terms, 55% vest on April 1, 2027, 35% vest on April 1, 2028, and the remaining 10% vest on April 1, 2029.

Under which plan were Steven Allen Turner’s SLM restricted stock units granted?

The award was granted under the SLM Corporation 2021 Omnibus Incentive Plan. The filing notes that the restricted stock units are classified as “Common Stock” because they will be settled solely in shares of SLM Corporation Common Stock when the vesting conditions are met.

What are Dividend Equivalent Units mentioned in the SLM (SLM) Form 4/A?

Dividend Equivalent Units are additional units credited in connection with RSUs to reflect dividends declared on Common Stock. The filing explains that Turner’s reported holdings include these units, which increase his share-based position without immediate cash transactions, aligning compensation with shareholder returns over time.