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

SLM Corp. announces $200 million accelerated share repurchase with Goldman Sachs

Neutral Impact 3 of 5 shareholder Written later

SLM Corporation entered into a $200 million accelerated share repurchase agreement with Goldman Sachs on March 9, 2026, under its $500 million share repurchase program. The company expects Goldman Sachs to deliver a substantial majority of the shares shortly after the agreement date, with settlement expected before or during the second quarter of 2026. The final share count depends on the volume-weighted average price less a discount, so the number of shares retired is not yet fixed.

Key points

  • $200 million accelerated share repurchase agreement with Goldman Sachs dated March 9, 2026; company to prefund on March 10, 2026
  • Company expects to receive a substantial majority of shares shortly after the agreement date; final share count depends on the VWAP less a discount
  • Settlement expected before or during the second quarter of 2026; Goldman Sachs may terminate on certain extraordinary events, in which case the company may receive fewer shares
  • About $91 million of shares repurchased earlier in 2026 before this agreement, under the $500 million authorization effective Jan. 22, 2026

The filing

CompanySLM (SLM)
Form8-K, current report
Filed with the SECMar 9, 2026, 8:30 AM ET
Accession number0001032033-26-000015

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 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 March 09, 2026.

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.