SLM Corp
For the period ended Jun 30, 2024. Filed Jul 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.
Jun 30, 2024 · Filed Jul 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 June 30, 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: | ||||
| April 1 - April 30, 2024 | 802 | $21.43 | 798 | $606,000 |
| May 1 - May 31, 2024 | 859 | $21.39 | 859 | $588,000 |
| June 1 - June 30, 2024 | 1,277 | $20.86 | 1,273 | $562,000 |
| Total second-quarter 2024 | 2,938 | $21.17 | 2,930 | |
(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 June 30, 2024, we had $562 million in capacity 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 second quarter of 2024, we repurchased 2.9 million shares under 10b5-1 trading plans. 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 June 28, 2024 was $20.79.
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