A Form 4 filed with the SEC on September 18, 2026 discloses that Henry F. Greig, a director of SLM Corp (NASDAQ:SLM), acquired 988 shares of common stock on September 16, 2026 at a price of $0 per share in lieu of quarterly cash compensation.

Key Highlights

  • Reporting person: Henry F. Greig, identified as a Director of SLM Corp.
  • Transaction: 988 shares of SLM Corp Common Stock acquired (transaction code A) on September 16, 2026 at $0 per share.
  • Purpose of grant: Shares were received in lieu of the reporting person's quarterly cash retainer and respective committee fees, according to the filing.
  • Share value: The filing states the per share value was equal to the closing sales price per share as of the grant date.
  • Beneficial ownership following transaction: 17,953.66 shares held directly, which the filing notes includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person.

SLM Corp Director Receives Shares in Lieu of Cash Retainer

According to the filing, Henry F. Greig, a director of SLM Corp, received 988 shares of the company's common stock on September 16, 2026, under transaction code A (acquired). The filing states the shares were granted in lieu of the reporting person's quarterly cash retainer and respective committee fees, with the per share value set equal to the closing sales price per share as of the grant date. The acquisition price is listed as $0, consistent with a compensation-in-lieu arrangement rather than an open-market purchase.

Following the reported transaction, the filing indicates Greig beneficially owns 17,953.66 shares of SLM Corp Common Stock on a direct basis. The filing further notes that this total includes Dividend Equivalent Units issued in connection with Restricted Common Stock held by the reporting person, which accounts for the fractional share figure in the post-transaction ownership total.

The Form 4 was signed by Jeffrey Lipschutz acting under a power of attorney on behalf of Henry F. Greig and was filed on September 18, 2026. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing reports a single acquisition of 988 shares of SLM Corp Common Stock by director Henry F. Greig on September 16, 2026, granted in lieu of quarterly cash compensation, bringing his directly held beneficial ownership to 17,953.66 shares.