SLM Corp Co-President and CFO Peter M. Graham filed a Form 4 on November 3, 2026, disclosing a disposition of 10,332 shares of common stock on October 30, 2026, withheld by the company to satisfy tax obligations upon vesting of restricted stock units.

Key Highlights

  • Reporting person: Peter M. Graham, Co-President and CFO of SLM Corp (NASDAQ:SLM)
  • Transaction date: October 30, 2026, with the form filed November 3, 2026
  • Shares withheld: 10,332 shares of common stock disposed (code F) at a price of $17.8 per share to cover tax withholding obligations
  • RSU vesting: 22,907 shares vested on October 30, 2026, from an RSU grant originally made on October 30, 2023, vesting in one-third increments over three years
  • Beneficial ownership following transaction: 143,823.427 shares held directly, including Dividend Equivalent Units issued in connection with RSUs
  • Filing: Made by one reporting person, signed by Richard Nelson under power of attorney for Peter M. Graham

RSU Vesting and Tax Withholding Details for SLM Corp's Co-President and CFO

According to the filing, Peter M. Graham, serving as Co-President and CFO of SLM Corp, reported a change in beneficial ownership stemming from the final vesting tranche of restricted stock units originally granted on October 30, 2023. Those RSUs were structured to vest in one-third increments on October 30, 2024, October 30, 2025, and October 30, 2026, with the third and final increment vesting on October 30, 2026.

The filing disclosed that 22,907 shares vested on October 30, 2026 in connection with these RSUs. Of those vested shares, 10,332 were withheld by the company to satisfy Graham's tax withholding obligations, recorded as a disposition (transaction code F) at a price of $17.8 per share. The remaining shares were retained by Graham as part of his direct beneficial holdings.

Following the reported transaction, the filing states Graham directly beneficially owns 143,823.427 shares of SLM Corp common stock. The filing notes that this total includes Dividend Equivalent Units issued in connection with RSUs held by the reporting person. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing reported the withholding of 10,332 common shares at $17.8 on October 30, 2026 to cover tax obligations upon vesting of an RSU tranche, leaving Graham with direct beneficial ownership of 143,823.427 shares of SLM Corp common stock.