SLM Corp
For the period ended Mar 31, 2024. Filed Apr 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 24, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Share Repurchases
The following table provides information relating to our purchase of shares of our common stock in the three months ended March 31, 2024.
| (In thousands, except per share data) | Total Numberof SharesPurchased(1) | Average PricePaid perShare | Total Number ofShares Purchasedas Part of PubliclyAnnounced Plansor Programs(2)(3) | Approximate DollarValueof Shares ThatMay Yet BePurchased UnderPublicly AnnouncedPlans orPrograms(2) |
|---|---|---|---|---|
| Period: | ||||
| January 1 - January 31, 2024 | 3 | $18.54 | — | $650,000 |
| February 1 - February 29, 2024 | 1,379 | $19.80 | 721 | $636,000 |
| March 1 - March 31, 2024 | 612 | $21.05 | 590 | $623,000 |
| Total first-quarter 2024 | 1,994 | $20.18 | 1,311 | |
(1) The total number of shares purchased includes the shares of our common stock tendered to us to satisfy the exercise price in connection with cashless exercises of stock options, and tax withholding obligations in connection with exercises of stock options and vesting of restricted stock, restricted stock units, and performance stock units.
(2) As of March 31, 2024, we had $623 million remaining under the 2024 Share Repurchase Program. The 2024 Share Repurchase Program was announced on January 24, 2024, with an effective date of January 26, 2024, and expires on February 6, 2026. See Note 10, “Stockholders’ Equity” to our consolidated financial statements in this Form 10-Q for further discussion.
(3)In the first quarter of 2024, we repurchased 1.3 million shares under a 10b5-1 trading plan. See Note 10, “Stockholders’ Equity” to our consolidated financial statements in this Form 10-Q for further discussion.
The closing price of our common stock on the NASDAQ Global Select Market on March 28, 2024 was $21.79.
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