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AI brief of an SEC Form 8-K · Navient (NAVI)

Navient CEO David Yowan's base salary raised to $1 million, with new equity awards

Neutral Impact 3 of 5 leadership Written later

Navient amended the compensation letter agreement with CEO and President David L. Yowan, effective July 1, 2025. The filing sets a $1 million base salary, a target bonus of 150% of average base salary, and new restricted stock unit and performance-based stock unit grants tied to service and performance goals.

Key points

  • Annual base salary increases to $1 million effective July 1, 2025
  • New RSU award valued at $1.6 million and PSU award valued at $2.4 million, based on the July 7, 2025 closing price
  • PSUs tied to legacy expense targets for 2025, 2026 and 2027 (45%) and relative total shareholder return for 2025 through 2027 (55%), with payouts from 0% to 150%

The filing

CompanyNavient (NAVI)
Form8-K, current report
Filed with the SECJul 11, 2025, 4:05 PM ET
Accession number0001140361-25-025649

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 11, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.