SLM Corp (SLM) director Henry Greig takes 1,274-share stock grant as board fees

Rhea-AI Filing Summary

GREIG HENRY F reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp director Henry F. Greig received a stock grant of 1,274 shares of Common Stock as part of his board compensation. The shares were granted in lieu of his quarterly cash retainer and committee fees, valued at the closing market price on the grant date. Following this award, he directly holds a total of 8,459.3 shares, which include Dividend Equivalent Units linked to previously granted restricted stock.

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^*

GREIG HENRY F

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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	03/18/2026		A		1,274(1)	A	$0	8,459.3(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. Represents a grant of shares of SLM Corporation's Common Stock (the "Shares") received in lieu of the reporting person's quarterly cash retainer and respective committee fees. The per share value of the Shares was equal to the closing sales price per share as of the grant date.

2. Includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.

Remarks:

	/s/ Jeffrey Lipschutz (POA) for Henry F. Greig	03/19/2026
	** 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)

FAQ

What insider transaction did SLM (SLM) director Henry F. Greig report?

Henry F. Greig reported receiving 1,274 shares of SLM Common Stock as a grant. The award represents his quarterly cash retainer and committee fees taken in stock, not a market purchase, and is part of routine director compensation.

Was the SLM (SLM) insider transaction a stock purchase or a compensation grant?

The transaction was a compensation grant, not an open-market purchase. Henry F. Greig received 1,274 SLM shares in lieu of his quarterly cash retainer and committee fees, with the grant valued at the closing share price on the grant date.

How many SLM (SLM) shares does Henry F. Greig hold after this Form 4 transaction?

After the grant, Henry F. Greig directly holds 8,459.3 SLM Common Stock shares. This total includes Dividend Equivalent Units that were issued in connection with restricted common stock previously awarded to him as part of his director compensation.

At what price was the SLM (SLM) stock grant to Henry F. Greig valued?

The 1,274-share grant was valued at the closing sales price per SLM share on the grant date. Although the Form 4 lists a zero transaction price, the footnote clarifies valuation used the market closing price when the award was granted.

Does Henry F. Greig’s SLM (SLM) Form 4 filing indicate any stock sales?

The Form 4 does not report any stock sales by Henry F. Greig. It only shows an acquisition of 1,274 SLM Common Stock shares through a grant, increasing his total direct holdings to 8,459.3 shares after the transaction.

What are Dividend Equivalent Units mentioned in Henry F. Greig’s SLM (SLM) holdings?

Dividend Equivalent Units are additional units credited in connection with restricted stock when dividends are paid. In this case, SLM notes that Greig’s total 8,459.3-share holding includes these units tied to his previously granted restricted common stock awards.