SLM Corp CFO has 10,332 shares withheld for taxes

The tax withholding was part of a vesting event covering 22,907 shares, and his reported direct position afterward was 143,823 shares.

Available on EDGAR 11/03/2026 - 04:05 PM EST Accepted by SEC EDGAR 11/03/2026 - 04:04 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

SLM Corp Co-President and CFO Peter M. Graham had 10,332 shares withheld on October 30, 2026, to satisfy tax withholding obligations. The withholding came from 22,907 shares that vested that day under restricted stock units granted October 30, 2023. His reported direct holdings afterward were 143,823 shares, including dividend equivalent units issued in connection with RSUs.

Insider Trade Summary

Tax Withholding: 10,332 shares

Tax Withholding 1 txn

Insider Graham Peter M

Role Co-President and CFO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	10,332	$17.80	$184K

Holdings After Transaction: Common Stock — 143,823.427 shares (Direct)

Footnotes (2)

1. F1. On October 30, 2023, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of Common Stock of SLM Corporation (the "Company"), subject to vesting conditions, to vest in one-third increments on October 30, 2024, 2025, and 2026. On October 30, 2026, 22,907 shares vested in connection with these RSUs, of which 10,332 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
2. F2. Includes Dividend Equivalent Units issued in connection with RSUs held by the reporting person.

Key Figures

Shares withheld for tax withholding: 10,332 shares RSU shares vested: 22,907 shares Direct holdings after transaction: 143,823 shares +1 more

4 metrics

Shares withheld for tax withholding 10,332 shares October 30, 2026

RSU shares vested 22,907 shares October 30, 2026

Direct holdings after transaction 143,823 shares Includes dividend equivalent units issued in connection with RSUs

Reported price per share $17.80 per share Transaction reported for October 30, 2026

Key Terms

restricted stock units, Dividend Equivalent Units, vesting conditions

3 terms

restricted stock units financial

"restricted stock units ("RSUs")"

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 issued in connection with RSUs"

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.

vesting conditions financial

"subject to vesting conditions"

Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.

FAQ

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

How many SLM shares were withheld for Peter M. Graham's tax liability?

10,332 shares were withheld on October 30, 2026, from the 22,907 shares that vested that day, to satisfy his tax withholding obligations.

When were Peter M. Graham's SLM RSUs granted and scheduled to vest?

The RSUs were granted October 30, 2023, subject to vesting conditions, and scheduled to vest in one-third increments on October 30, 2024, 2025, and 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Graham Peter M

(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)
	Co-President and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2026

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	10/30/2026		F		10,332(1)	D	$17.8	143,823.427(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. On October 30, 2023, the reporting person was granted restricted stock units ("RSUs") representing rights to receive shares of Common Stock of SLM Corporation (the "Company"), subject to vesting conditions, to vest in one-third increments on October 30, 2024, 2025, and 2026. On October 30, 2026, 22,907 shares vested in connection with these RSUs, of which 10,332 shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.

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

Remarks:

	/s/ Richard Nelson (POA) for Peter M. Graham	11/03/2026
	** 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)