Sallie Mae enters $200M accelerated share repurchase; Q1 commitments ~$300M

SLM Corp

$200M ASR agreement with Goldman Sachs; majority of shares expected shortly after execution.
Part of $500M buyback authorization effective Jan. 22, 2026.
YTD repurchases of ~$91M before ASR; total Q1 repurchases and commitments near $300M.
CEO expects to exhaust most or all of $500M authorization during 2026 amid market dislocation.
Final settlement of ASR expected before end of Q2 2026; may receive additional shares or make cash payment.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SLM Corp entered into Agreement with Goldman Sachs & Co. LLC valued at $200 million (effective 2026-03-09).

Action: entry
Agreement: equity purchase
Counterparty: Goldman Sachs & Co. LLC
Value: $200 million
Effective: 2026-03-09

Exact text from the filing

On March 9, 2026, SLM Corporation (the “Company”) entered into an accelerated share repurchase agreement with Goldman Sachs & Co. LLC ("Goldman Sachs") under which the Company will purchase $200 million of its own outstanding common stock, par value $0.20 per share (the "Common Stock").

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SLM Corp filing history →

Source: SEC EDGAR

accession 0001032033-26-000015

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