SLM director granted 7,349 restricted shares
SLM Corp director Kirsten O. Wolberg received 7,349 shares of Common Stock as a restricted stock award.
Rhea-AI Filing Summary
SLM Corp director Kirsten O. Wolberg received 7,349 shares of Common Stock as a restricted stock award. The grant was made at no cash cost to her as part of partial payment of the annual retainer for independent directors under the 2021 Omnibus Incentive Plan.
The restricted shares are subject to vesting based on the terms of the 2026 Independent Director Restricted Stock Agreement. After this award, she directly holds 81,690.388 shares, which include dividend equivalent units linked to prior restricted stock and shares acquired through a dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 7,349 shares
Grant/Award
1 txn
Insider
Wolberg Kirsten O.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,349 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 81,690.388 shares (Direct)
Footnotes (3)
- F1. The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2026 Independent Director Restricted Stock Agreement (the "2026 Agreement") in partial payment of the annual retainer to independent directors. The Restricted Common Stock award is subject to vesting upon the terms set forth in the 2026 Agreement.
- F2. Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.
- F3. Includes shares of SLM Corporation's Common Stock acquired under a dividend reinvestment plan.
Key Figures
Restricted stock granted: 7,349 shares
Price per share: $0.0000
Shares held after grant: 81,690.388 shares
3 metrics
Restricted stock granted
7,349 shares
Grant to independent director as partial annual retainer
Price per share
$0.0000
Reported transaction price for restricted stock award
Shares held after grant
81,690.388 shares
Total direct holdings after transaction, including dividend equivalents and DRIP
Key Terms
Restricted Common Stock, 2021 Omnibus Incentive Plan, Dividend Equivalent Units, dividend reinvestment plan
4 terms
Restricted Common Stock financial
"The reporting person received shares of Restricted Common Stock, issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
2021 Omnibus Incentive Plan financial
"issued pursuant to the terms of the SLM Corporation 2021 Omnibus Incentive Plan - 2026 Independent Director Restricted Stock Agreement"
Dividend Equivalent Units financial
"Includes Dividend Equivalent Units issued in connection with Restricted Common Stock 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.
dividend reinvestment plan financial
"Includes shares of SLM Corporation's Common Stock acquired under a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SLM (SLM) report for Kirsten O. Wolberg?
SLM reported that director Kirsten O. Wolberg received 7,349 shares of Restricted Common Stock. The award was granted as part of her annual independent director retainer and was issued at no cash cost, reflecting equity-based compensation rather than an open-market purchase.
Why did Kirsten O. Wolberg receive restricted stock from SLM (SLM)?
Kirsten O. Wolberg received Restricted Common Stock as partial payment of the annual retainer for independent directors. The shares were issued under SLM Corporation’s 2021 Omnibus Incentive Plan pursuant to the 2026 Independent Director Restricted Stock Agreement, aligning director compensation with equity in the company.
What plans or agreements govern Kirsten O. Wolberg’s SLM (SLM) equity awards?
Her equity awards are issued under the SLM Corporation 2021 Omnibus Incentive Plan. The specific restricted stock grant reported here is governed by the 2026 Independent Director Restricted Stock Agreement, which details vesting terms and other award conditions for independent directors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
