Welcome to our dedicated page for Slm SEC filings (Ticker: SLM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SLM Corporation filings document the regulatory record of Sallie Mae's private education lending business, registered common stock and floating-rate non-cumulative preferred stock. Its 8-K reports cover operating and financial results, investor presentations, Regulation FD disclosures, senior-note and financing matters, material agreements, and other capital-structure events.
Proxy materials describe board composition, executive compensation, shareholder voting matters and governance practices. The filing record also addresses risk factors and formal leadership changes, including officer appointments and related compensation disclosures, within the company's public-company reporting framework.
SLM Corp executive Kerri A. Palmer reported equity compensation activity involving company common stock. She acquired 49,637 shares on February 24, 2026 as a grant related to performance stock units vested from awards granted on February 17, 2023. These shares were certified by the Compensation Committee and remain subject to transfer restrictions and forfeiture conditions until February 24, 2027. On the same date, 22,387 shares at $19.84 per share were disposed of to cover tax withholding obligations, leaving her with 129,121.295 directly owned shares, which include dividend equivalent units tied to restricted stock units.
SLM Corp executive Nicolas Jafarieh reported equity award activity involving company common stock. He acquired 58,880 shares on February 24, 2026 through the vesting of performance stock units originally granted on February 17, 2023. These vested shares remain subject to transfer restrictions and forfeiture conditions for one year until February 24, 2027.
On the same date, 27,792 shares were disposed of at $19.84 per share to cover tax withholding obligations related to the PSU vesting, a non‑open‑market transaction. After these transactions, Jafarieh directly held 237,436.534 shares of common stock, which include dividend equivalent units tied to restricted stock units.
SLM Corporation released an updated investor presentation summarizing strong fourth-quarter and full-year 2025 results. Full-year GAAP net income attributable to common stock was $729M, with GAAP diluted EPS of $3.46 and a net interest margin of 5.24%. Q4 2025 net income attributable to common stock was $229M, or $1.12 per diluted share, on private education loan originations of $1.0B in the quarter and $7.4B for the year, up from $7.0B in 2024. The company sold $5.0B of private education loans in 2025 and reported a Q4 provision for credit losses of ($19M), versus $108M in Q4 2024. Capital returns were significant, with $373M of share repurchases in 2025 at an average price of $29.02 and a newly announced 24‑month $500M 2026 share repurchase program. Return on common equity reached 34.4% for 2025, supported by a total risk-based capital ratio of 12.4% and a CET1 ratio of 11.1%.
SLM Corporation, known as Sallie Mae, files its annual report describing a focused private student loan and online deposit banking franchise. In 2025 it originated $7.4 billion of Private Education Loans, up 6% from 2024, and had $20.3 billion of loans held for investment at year-end.
Sallie Mae Bank held total assets of $29.7 billion, including $21.5 billion of deposits, and used asset-backed securities funding of $4.9 billion. Credit quality metrics show 4.0% of loans in repayment were 30+ days delinquent and net charge-offs were 2.15% of average loans in repayment.
The company details a new capital-light strategic partnership model to sell loans while retaining servicing, ongoing share repurchases, and the impact of H.R.1, which reduces federal graduate and parent loan limits and is expected to increase demand for private loans, alongside extensive regulatory and macroeconomic risk disclosures.
SLM Corp Executive Vice President and CFO Peter M. Graham reported a Form 4 transaction involving company common stock. On February 16, 2026, 11,159 shares from previously granted restricted stock units vested, and 3,614 of those shares were automatically withheld by the company to cover his tax obligations. After this tax-withholding disposition, he directly owned 107,732.147 shares of SLM common stock, including dividend equivalent units tied to his RSUs.
SLM Corp executive Nicolas Jafarieh reported two tax-related share dispositions tied to restricted stock unit (RSU) vesting. On February 16, 2026, 8,156 RSU shares vested from a February 16, 2024 grant, and 2,903 shares were withheld by the company to cover tax obligations. On February 17, 2026, 12,337 RSU shares vested from a February 17, 2023 grant, and 3,973 shares were similarly withheld for taxes. In total, 6,876 common shares were disposed of through tax-withholding, and Jafarieh directly owns 206,348.534 common shares following these transactions, including dividend equivalent units.
SLM Corp executive vice president and chief risk officer Munish Pahwa reported several tax-related share dispositions tied to vested restricted stock units. On February 16, 2026, 2,167 shares of common stock were withheld to satisfy tax obligations on 6,072 RSUs that vested. On February 17, 2026, an additional 3,220 and 2,049 shares were withheld in connection with RSU grants from 2023 as those awards vested, leaving him with tens of thousands of directly owned SLM shares afterward.
SLM Corp executive Kerri A. Palmer reported several stock transactions tied to restricted stock unit (RSU) vesting and related tax withholding, rather than open-market sales. On February 16, 2026, 8,613 RSU shares vested and 2,849 shares of common stock were withheld by the company to cover taxes. On February 17, 2026, additional RSUs vested, with 12,221 and 3,131 shares withheld for tax obligations from separate grants. After these tax-withholding dispositions, Palmer directly owned about 101,871 shares of SLM common stock.
SLM Corp CEO Jonathan W. Witter reported routine equity compensation tax-withholding transactions. On February 16, 2026, 49,787 restricted stock units vested, and 18,829 shares of Common Stock were withheld by the company at $24.04 per share to cover tax obligations.
On February 17, 2026, 70,865 RSUs vested, and an additional 35,504 shares were withheld at $23.90 per share for taxes. These are coded as Form 4 transaction type "F", indicating payment of tax liability by delivering securities, not open-market buying or selling. After these dispositions, Witter directly owned 1,108,386.693 shares of SLM Corp Common Stock, which includes dividend equivalent units associated with his RSUs.
Sallie Mae reported strong fourth-quarter and full-year 2025 results and outlined its strategy for growth and capital returns. The company generated GAAP net income attributable to common stock of $229M in Q4 2025 and $729M for 2025, with diluted EPS of $1.12 for Q4 and $3.46 for the year.
Private education loan originations reached $7.4B in 2025, up 6% from 2024, including about $1.0B in Q4. Net interest margin was 5.24% for 2025, while the efficiency ratio improved to 33.2%. Credit performance remained controlled, with full-year net charge-offs of $346M, or 2.15% of average private education loans in repayment.
The company emphasized capital returns, noting $373M of share repurchases in 2025 (12.8 million shares) and a newly announced 24‑month $500M repurchase program, alongside a quarterly common dividend of $0.13 per share in Q4. A 12.4% total risk‑based capital ratio and 11.1% CET1 ratio underscored regulatory capital strength.