SLM EVP granted 58,877 RSUs in stock award

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

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 58,877 shares of Common Stock in the form of restricted stock units under the SLM Corporation 2021 Omnibus Incentive Plan. The RSUs will settle solely in SLM common shares.

Subject to continuing employment, 55% of the RSUs vest on April 1, 2027, 35% vest on April 1, 2028, and 10% vest on April 1, 2029. Following this award, Turner directly holds 84,218.5 shares of SLM common stock, including Dividend Equivalent Units related to RSUs.

Insider Trade Summary

Grant/Award: 58,877 shares

Grant/Award 1 txn

Insider Turner Steven Allen

Role EVP, Chief Tech. & Enablement

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	58,877	$0.00	$0.00

Holdings After Transaction: Common Stock — 84,218.5 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes Dividend Equivalent Units in connection with RSUs held by the reporting person.

Key Figures

RSU grant size: 58,877 shares Grant price: $0.00 per share Post-grant holdings: 84,218.5 shares +3 more

6 metrics

RSU grant size 58,877 shares Long-term incentive award classified as Common Stock

Grant price $0.00 per share Compensation-related RSU award, not an open-market purchase

Post-grant holdings 84,218.5 shares Total SLM common stock directly held after transaction

2027 vesting tranche 55% of 58,877 RSUs Vests on April 1, 2027, subject to continuing employment

2028 vesting tranche 35% of 58,877 RSUs Vests on April 1, 2028, subject to continuing employment

2029 vesting tranche 10% of 58,877 RSUs Vests on April 1, 2029, subject to continuing employment

Key Terms

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

4 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""

Common Stock financial

"classified as "Common Stock," as permitted, since the RSUs will be settled solely by delivery of shares"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SLM (SLM) report for Steven Allen Turner?

SLM reported that EVP Steven Allen Turner received a grant of 58,877 restricted stock units classified as Common Stock. These RSUs are part of a long-term incentive award under the 2021 Omnibus Incentive Plan and will settle solely in SLM common shares.

How and when do Steven Allen Turner’s new SLM RSUs vest?

Turner’s 58,877 RSUs vest over three future dates, subject to continuing employment. 55% vest on April 1, 2027, 35% vest on April 1, 2028, and the remaining 10% vest on April 1, 2029, creating a multi-year retention schedule.

Did Steven Allen Turner buy SLM stock on the open market?

No, the Form 4 shows a grant of 58,877 restricted stock units at a transaction price of $0.00 per share. This indicates a compensation-related award rather than an open-market purchase, consistent with a long-term incentive plan structure.

How many SLM shares does Steven Allen Turner hold after this RSU grant?

After the award, Turner directly holds a total of 84,218.5 shares of SLM common stock. This figure includes Dividend Equivalent Units associated with his RSU holdings, as disclosed in the filing footnotes, reflecting his post-grant position.

Under which plan were Steven Allen Turner’s SLM RSUs granted?

The restricted stock units were granted under the SLM Corporation 2021 Omnibus Incentive Plan. The filing notes that these RSUs are classified as Common Stock because they will be settled solely in shares of SLM Corporation common stock upon vesting.

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

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Accepted by SEC EDGAR 04/02/2026 - 04:05 PM Learn about SEC filing dates

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)

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		58,877(1)	A	$0	84,218.5(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:

	/s/ Jeffrey Lipschutz (POA) for Steven Allen Turner	04/02/2026
	** 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)