<SEC-DOCUMENT>0001127602-22-003747.txt : 20220208
<SEC-HEADER>0001127602-22-003747.hdr.sgml : 20220208
<ACCEPTANCE-DATETIME>20220208165837
ACCESSION NUMBER:		0001127602-22-003747
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220204
FILED AS OF DATE:		20220208
DATE AS OF CHANGE:		20220208

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HELEEN MARK L
		CENTRAL INDEX KEY:			0001451729

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36228
		FILM NUMBER:		22602383

	MAIL ADDRESS:	
		STREET 1:		12061 BLUEMONT WAY
		CITY:			RESTON
		STATE:			VA
		ZIP:			20190

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NAVIENT CORP
		CENTRAL INDEX KEY:			0001593538
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				464054283
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		123 JUSTISON STREET
		STREET 2:		SUITE 300
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801
		BUSINESS PHONE:		302-283-8000

	MAIL ADDRESS:	
		STREET 1:		123 JUSTISON STREET
		STREET 2:		SUITE 300
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	New Corp
		DATE OF NAME CHANGE:	20131205
</SEC-HEADER>
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<SEQUENCE>1
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    <periodOfReport>2022-02-04</periodOfReport>

    <issuer>
        <issuerCik>0001593538</issuerCik>
        <issuerName>NAVIENT CORP</issuerName>
        <issuerTradingSymbol>NAVI</issuerTradingSymbol>
    </issuer>

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        <reportingOwnerId>
            <rptOwnerCik>0001451729</rptOwnerCik>
            <rptOwnerName>HELEEN MARK L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>123 S. JUSTISON STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>WILMINGTON</rptOwnerCity>
            <rptOwnerState>DE</rptOwnerState>
            <rptOwnerZipCode>19801</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>EVP, CLO &amp; Secretary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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                <value>Common Stock</value>
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                <value>2022-02-04</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
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                    <value>D</value>
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            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
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            <transactionTimeliness></transactionTimeliness>
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                <transactionShares>
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                    <footnoteId id="F4"/>
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                    <value>17.82</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
                <value>2022-02-05</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                <value>Common Stock</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>2818</value>
                    <footnoteId id="F7"/>
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                <transactionPricePerShare>
                    <value>17.82</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <sharesOwnedFollowingTransaction>
                    <value>388301.7432</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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            <securityTitle>
                <value>Common Stock</value>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9873.5909</value>
                    <footnoteId id="F8"/>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By 401(k)</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents a grant of common stock to the reporting person in the form of restricted stock units (&quot;RSUs&quot;) pursuant to the Navient Corporation 2014 Omnibus Incentive Plan (the &quot;Plan&quot;). The RSUs will be settled solely by delivery of shares of Navient Corporation (&quot;Navient&quot;) common stock and vest in one-third increments on each of the first, second and third anniversaries of the grant date.</footnote>
        <footnote id="F2">Dividend equivalent rights (1,225.7349) issued on RSUs and PSUs are included in the reporting person's common stock holding balance.  Each dividend equivalent right is the economic equivalent of one share of Navient common stock.</footnote>
        <footnote id="F3">Represents a grant of common stock to the reporting person in the form of performance stock units (&quot;PSUs&quot;) to be settled solely by delivery of shares of the Company's common stock. Upon vesting, a specified percentage of this target award will vest and be settled based upon the satisfaction of certain performance conditions over a three-year performance period ending on the final day of fiscal year 2024.  The performance conditions shall be approved by the Committee in connection with the Company's 2022 Long-Term Incentive Program and shall be set forth in the form of PSU award agreement approved by the Navient Compensation and Personnel Committee (the &quot;Committee&quot;).</footnote>
        <footnote id="F4">As previously reported, on February 4, 2021, the reporting person was granted 30,487 RSUs under the Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On February 4, 2022, 9,732 shares of such RSUs were settled and an additional 344 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.  In connection with this settlement, 2,974 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.</footnote>
        <footnote id="F5">As previously reported, on February 5, 2019, the reporting person was granted 32,779 RSUs under the Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On February 5, 2022, 10,463 shares of such RSUs were settled and an additional 1,896.9558 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.  In connection with this settlement, 3,648 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.</footnote>
        <footnote id="F6">Reflects the disposition of 0.9558 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan.</footnote>
        <footnote id="F7">As previously reported, on February 6, 2020, the reporting person was granted 26,595 RSUs under the Plan representing the right to receive shares of Navient common stock in the future, which vest in one-third increments on each of the first, second and third anniversaries of the grant date. On February 6, 2022, 8,489 shares of such RSUs were settled and an additional 1,057 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.  In connection with this settlement, 2,818 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.</footnote>
        <footnote id="F8">Between December 6, 2021, and February 4, 2022, the reporting person acquired 99.5385 share equivalents of Navient common stock under the Navient 401(k) Savings Plan. The information in this report is based on the reporting person's actual account balance as of February 4, 2022.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kurt T. Slawson (POA) for Mark L. Heleen</signatureName>
        <signatureDate>2022-02-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</DOCUMENT>
</SEC-DOCUMENT>
