SLM (SLM) tech EVP receives 25,052-share long-term RSU 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 Officer, received a grant of 25,052 shares of common stock at a price of $0.00 per share. The footnotes explain this is a long-term incentive award of restricted stock units under the 2021 Omnibus Incentive Plan, which will be settled in SLM common stock. Subject to his continued employment, these RSUs vest in three equal installments on March 2, 2027, 2028, and 2029, aligning his compensation with the company’s long-term performance.

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

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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 DE 19713

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/02/2026		A		25,052(1)	A	$0	25,052	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, these RSUs vest in one-third increments on March 2, 2027, 2028, and 2029.

Remarks:

	/s/ Jeffrey Lipschutz (POA) for Steven Allen Turner	03/04/2026
	** 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).
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FAQ

What did SLM (SLM) executive Steven Allen Turner report in this Form 4?

Steven Allen Turner reported an acquisition of 25,052 shares of SLM common stock via a long-term incentive award of restricted stock units. The grant was made at $0.00 per share and is part of his executive compensation package under SLM’s 2021 Omnibus Incentive Plan.

How many SLM (SLM) shares did Steven Allen Turner acquire and at what price?

Steven Allen Turner acquired 25,052 shares of SLM common stock through restricted stock units at a reported price of $0.00 per share. This reflects an equity incentive grant rather than an open-market purchase, designed to tie his compensation to future company performance.

What type of award did Steven Allen Turner receive from SLM (SLM)?

He received a long-term incentive award of restricted stock units, classified as SLM common stock, under the SLM Corporation 2021 Omnibus Incentive Plan. These RSUs will be settled solely in SLM common shares, linking his potential future value directly to share performance.

When do Steven Allen Turner’s SLM (SLM) restricted stock units vest?

The restricted stock units vest in three equal one-third installments on March 2, 2027, March 2, 2028, and March 2, 2029. Vesting is subject to his continued employment, encouraging long-term retention and alignment with SLM’s multi-year strategic goals and shareholder value creation.

Does the SLM (SLM) Form 4 indicate an open-market buy or a compensation grant?

The Form 4 indicates a compensation grant, not an open-market buy. The transaction is coded as a grant or award acquisition of restricted stock units at $0.00 per share, reflecting equity-based compensation structured to reward long-term service and performance at SLM Corporation.

What is Steven Allen Turner’s role at SLM (SLM) linked to this equity grant?

Steven Allen Turner serves as Executive Vice President and Chief Technology & Enablement Officer at SLM. The reported equity grant of restricted stock units forms part of his executive compensation, aligning his incentives with technology enablement initiatives and the company’s broader long-term objectives.