<SEC-DOCUMENT>0001127602-23-003893.txt : 20230207
<SEC-HEADER>0001127602-23-003893.hdr.sgml : 20230207
<ACCEPTANCE-DATETIME>20230207213503
ACCESSION NUMBER:		0001127602-23-003893
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230204
FILED AS OF DATE:		20230207
DATE AS OF CHANGE:		20230207

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HAUBER STEPHEN M
		CENTRAL INDEX KEY:			0001710338

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36228
		FILM NUMBER:		23596860

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

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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        <issuerName>NAVIENT CORP</issuerName>
        <issuerTradingSymbol>NAVI</issuerTradingSymbol>
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            <rptOwnerName>HAUBER STEPHEN M</rptOwnerName>
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            <rptOwnerStreet1>123 S. JUSTISON STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WILMINGTON</rptOwnerCity>
            <rptOwnerState>DE</rptOwnerState>
            <rptOwnerZipCode>19801</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>EVP, Chief Risk&amp;Compliance Off</officerTitle>
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    <footnotes>
        <footnote id="F1">As previously reported, on February 4, 2021, the reporting person was granted 20,325 restricted stock units (&quot;RSUs&quot;) under the Navient Corporation 2014 Omnibus Incentive Plan (the &quot;Plan&quot;) representing the right to receive shares of Navient Corporation (&quot;Navient&quot;) 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, 2023, 6,775 shares of such RSUs were settled and an additional 539 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.  In connection with this settlement, 2,203 shares were withheld by Navient, as approved by the Navient Compensation and Human Resources Committee (the &quot;Committee&quot;), to satisfy the reporting person's tax withholding obligations.</footnote>
        <footnote id="F2">As previously reported, on February 4, 2022, the reporting person was granted 19,781 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, 2023, 6,593 shares of such RSUs were settled and an additional 282 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.  In connection with this settlement, 2,070 shares were withheld by Navient, as approved by the Committee, to satisfy the reporting person's tax withholding obligations.</footnote>
        <footnote id="F3">Represents a grant of common stock to the reporting person in the form of restricted stock units pursuant to the Plan. The RSUs will be settled solely by delivery of shares of Navient common stock and vest in one-third increments on each of the first, second and third anniversaries of the grant date.</footnote>
        <footnote id="F4">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. 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 2025.  The performance conditions shall be approved by the Committee in connection with the Company's 2023 Long-Term Incentive Program and shall be set forth in the form of PSU award agreement approved by the Committee.</footnote>
        <footnote id="F5">As previously reported, on February 6, 2020, the reporting person was granted 17,730 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, 2023, 5,910 shares of such RSUs were settled and an additional 1,021.4236 shares were issued to the reporting person upon the vesting of the related dividend equivalent rights.  In connection with this settlement, 2,087 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 0.4236 shares settled in cash upon the delivery of the related dividend equivalent rights, in accordance with the terms of the Plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Elizabeth Han (POA) for Stephen M. Hauber</signatureName>
        <signatureDate>2023-02-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
