{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-24-008668","form_type":"8-K","ticker":"NAVI","cik":"0001593538","company_name":"NAVIENT CORP","filed_at":"2024-07-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.694703+00:00","generated_at":"2026-05-31T23:21:07.279307+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Navient approves STIP with transformation targets; CEO gets $1.6M RSU + $2.4M PSU awards","bullets":["STIP targets outsourcing ~80% of servicing expenses, BPS divestment, and ~20% ($11M) shared services cut in Q4 2024.","CEO eligible for 150% of base salary cash incentive under STIP; other NEOs eligible for 125%.","CEO David Yowan granted $1.6M in RSUs and $2.4M in PSUs based on TSR relative to peers.","RSUs vest 50% on 1-year anniversary and 50% on Dec 31, 2025; PSUs vest up to 150% based on performance."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-24-008668","json":"https://secwatch.observer/filing/0001654954-24-008668.json","markdown":"https://secwatch.observer/filing/0001654954-24-008668.md","text":"https://secwatch.observer/filing/0001654954-24-008668.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593538/000165495424008668/0001654954-24-008668-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593538/000165495424008668/navi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:21:07.279307+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"}