SLM Corp SEC Filings

Greenstein Daniel reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp director Daniel Greenstein received a stock-based compensation award rather than buying shares on the market. He was granted 7,349 shares of Restricted Common Stock at no cash cost, issued under the SLM Corporation 2021 Omnibus Incentive Plan as partial payment of his annual independent director retainer.

The award is subject to vesting terms set out in the 2026 Independent Director Restricted Stock Agreement. After this grant, Greenstein directly holds a total of 12,747.126 shares of SLM common stock, which includes Dividend Equivalent Units tied to his restricted stock.

Franke Mary Carter Warren reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp director Mary Carter Warren Franke reported an equity compensation grant rather than an open-market trade. She received 7,349 shares of Restricted Common Stock at $0.00 per share under SLM Corporation’s 2021 Omnibus Incentive Plan as partial payment of her independent director annual retainer. These restricted shares vest according to the separate 2026 Independent Director Restricted Stock Agreement. After this award, she directly holds 104,998.126 shares of common stock, which include Dividend Equivalent Units issued on previously granted restricted stock. A separate table entry shows 7,000 shares held indirectly through her spouse’s IRA, reported as an ownership position rather than a new transaction.

Blackley Richard Scott reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp director Richard Scott Blackley received equity compensation in the form of common stock grants. On June 16, 2026, he was awarded 7,349 shares of Common Stock in lieu of his quarterly cash retainer and committee fees. On June 17, 2026, he received an additional 1,198 shares of Restricted Common Stock as partial payment of his annual independent director retainer under the SLM Corporation 2021 Omnibus Incentive Plan, subject to vesting under the 2026 Independent Director Restricted Stock Agreement. Following these awards, he directly holds 41,619.126 shares of SLM common stock, including Dividend Equivalent Units tied to prior restricted stock.

Akella Janaki reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp director Janaki Akella received a grant of 7,349 shares of Restricted Common Stock as part of the independent director annual retainer. The award, issued under the SLM Corporation 2021 Omnibus Incentive Plan and a 2026 Independent Director Restricted Stock Agreement, is subject to vesting conditions defined in that agreement.

Following this compensation-related grant, Akella directly holds a total of 19,946.126 shares of Common Stock, which includes Dividend Equivalent Units associated with previously granted Restricted Common Stock.

Turner Steven Allen reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp executive Steven Allen Turner, EVP and Chief Technology & Enablement, received a grant of 29,438 shares of Common Stock classified as restricted stock units under the 2021 Omnibus Incentive Plan. These RSUs vest over time, with 55% on April 1, 2027, 35% on April 1, 2028, and 10% on April 1, 2029, subject to continued employment. After this award, Turner directly holds 54,652.675 shares, including associated dividend equivalent units credited on existing RSU holdings.

SLM Corporation provides an investor presentation outlining private education loan growth, credit quality trends, and impacts from recent federal student loan reforms. The company reports that its private education market share rose from 52% in 2020 to 63% at year-end 2025, with a +1.7% market share increase in Q1 2026 while the rest of the market saw minimal growth.

Credit quality metrics remain strong, with an average FICO at approval of 754 and 95% of loans cosigned in Q1 2026, both slightly above the prior-year quarter. Despite underwriting tightening that the company estimates affected about 10% of annual originations, private education loan originations grew +16% from 2023 to 2025.

The presentation discusses federal reforms in H.R.1, effective for new borrowers beginning July 1, 2026. Over several years, the company expects these reforms to increase originations by up to 70% and ultimately add an estimated $4.5–$5 billion in annual originations once the shift is complete. SLM also highlights new graduate and professional loan products launched in 2026, which have driven application growth of +117% for medical and dental loans and +34% for graduate and law loans versus the prior-year period.

Loss performance is described as broadly stable overall, with 30+ day delinquencies between about 3.54%–3.78% and net charge-offs between 2.15%–2.55% of average loans in repayment from 2022–2025. However, a small “impacted segment” of high-ability-to-pay borrowers linked to misaligned third‑party debt resolution practices has seen outsized gross charge-offs. This segment represented only 0.08% of the portfolio as of 2026 but about 6.40% of total on-balance sheet gross charge-offs as of April 30, 2026.

In response, SLM is pausing recovery loan sales and certain settlement strategies and shifting to internally controlled recovery approaches. The company states that if it does not resume third-party recovery strategies in 2026, full-year 2026 net charge-offs could increase by approximately $25 million, with an expectation of recovery over time through internal strategies. Management emphasizes that, excluding the impacted segment, recent repayment-wave losses have remained broadly stable and only modestly above expectations.

SLM Corporation completed an offering of $500,000,000 of 6.495% Fixed-to-Floating Rate Senior Notes due 2032. The notes pay a fixed 6.495% annual interest rate until May 15, 2031, then switch to a floating rate equal to a benchmark plus 271 basis points until maturity.

Interest is paid semi-annually during the fixed period and quarterly during the floating period. The company may redeem the notes at specified prices and must offer to repurchase them at 101% of principal plus interest upon certain change of control events.

SLM intends to use the net proceeds primarily to fund a tender offer for its 3.125% senior notes due 2026, including accrued interest and related fees, and to repay any remaining 2026 notes at maturity.

SLM Corp. reporting person Capital Research Global Investors filed an amendment to its Schedule 13G stating it is deemed the beneficial owner of 5,308,741 shares of Common Stock, representing 2.8% of the 188,582,790 shares believed outstanding as of 03/31/2026. The filing lists sole voting and dispositive power over 5,308,741 shares and identifies affiliated investment management entities. The amendment is signed by Jae Won Chung on 05/11/2026.

SLM Corp ownership filing: Barrow Hanley Global Investors reports beneficial ownership of 5,230,959 shares of SLM common stock, representing 2.64% of the class as of 03/31/2026. The filing reports sole voting and dispositive power over all shares. The Schedule 13G is signed by the filer’s CCO.