{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-025649","form_type":"8-K","ticker":"NAVI","cik":"0001593538","company_name":"NAVIENT CORP","filed_at":"2025-07-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.453008+00:00","generated_at":"2026-05-18T06:55:16.627762+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Navient raises CEO David Yowan's base salary to $1M, issues $1.6M RSUs and $2.4M PSUs","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-025649","json":"https://secwatch.observer/filing/0001140361-25-025649.json","markdown":"https://secwatch.observer/filing/0001140361-25-025649.md","text":"https://secwatch.observer/filing/0001140361-25-025649.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593538/000114036125025649/0001140361-25-025649-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593538/000114036125025649/ef20051869_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T06:55:16.627762+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}