Navient raises CEO David Yowan's base salary to $1M, issues $1.6M RSUs and $2.4M PSUs

NAVIENT CORP

CEO David Yowan's annual base salary increased to $1,000,000 effective July 1, 2025.
Target annual bonus set at 150% of average base salary under Management Incentive Plan.
Grant of 102,761 time-based RSUs ($1.6M) vesting over 12-18 months, settled in cash.
Grant of 154,142 performance-based PSUs ($2.4M) tied to legacy expense and rTSR goals for 2025-2027.
Legacy expense target for 2025 is $37.2M; rTSR payout ranges from 0% to 150% based on peer percentile rank.

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