secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0001032033-26-000015
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000015/0001032033-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000015/slm-20260309.htm
  HTML page:      https://secwatch.observer/filing/0001032033-26-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer