---
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"
generated_at: "2026-05-18T06:55:16.627762+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-025649
- JSON: https://secwatch.observer/filing/0001140361-25-025649.json
- Plain text: https://secwatch.observer/filing/0001140361-25-025649.txt

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