---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-030779"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2023-08-28T23:59:59+00:00"
generated_at: "2026-06-11T02:45:40.448163+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae appoints Pete Graham as CFO, effective Oct. 27, 2023

## Summary
- Peter M. Graham appointed CFO effective Oct. 27, 2023; succeeds Steven J. McGarry.
- Graham joins Sept. 18 as EVP; previously CFO at PRA Group from 2016 to 2023.
- McGarry remains CFO until Oct. 27, then becomes EVP per retention agreement, then departs.
- Graham's compensation: $580k base, 150% target bonus, $1.3M LTI, $460k cash sign-on, $850k RSU.

## SEC filing metadata
- accession: 0001628280-23-030779
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2023-08-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000162828023030779/0001628280-23-030779-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000162828023030779/slm-20230825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-030779
- JSON: https://secwatch.observer/filing/0001628280-23-030779.json
- Plain text: https://secwatch.observer/filing/0001628280-23-030779.txt

## Key facts
- Executive change
  Steven J. McGarry changed role as Executive Vice President at SLM Corp.
  - Action: no longer serve as Chief Financial Officer and will become Executive Vice President
  - Role: Executive Vice President
  source text: Steven J. McGarry, will no longer serve as Chief Financial Officer, effective as of October 27, 2023. As of October 27, 2023, Mr. McGarry's new title will be Executive Vice President, SLM Corporation
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828023030779/0001628280-23-030779-index.htm
- Executive change
  Peter M. Graham was appointed as Chief Financial Officer at SLM Corp.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On August 25, 2023, the Board of Directors (the “Board”) of SLM Corporation (the “Registrant”) approved the appointment of Peter M. Graham, age 57, as the Registrant’s Chief Financial Officer, effective as of October 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828023030779/0001628280-23-030779-index.htm

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