---
schema_version: "secwatch.filing_event.v1"
accession: "0001032033-26-000015"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2026-03-09T23:59:59+00:00"
generated_at: "2026-05-15T17:27:42.568346+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001032033-26-000015
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2026-03-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000015/0001032033-26-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000015/slm-20260309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032033-26-000015
- JSON: https://secwatch.observer/filing/0001032033-26-000015.json
- Plain text: https://secwatch.observer/filing/0001032033-26-000015.txt

## Key facts
- Material Agreements
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000015/0001032033-26-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.