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0001593538 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001593538 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001593538 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001593538 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001593538 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001593538 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0001593538 2 2025-01-01 2025-12-31 0001593538 1 2025-01-01 2025-12-31 0001593538 3 2025-01-01 2025-12-31 0001593538 4 2025-01-01 2025-12-31 iso4217:USD pure Navient Corporation true Grants of Equity AwardsThe Compensation Committee grants equity awards to our employees and directors on an annual basis. We may also grant equity awards to individuals upon hire, promotion or for retention purposes. The Compensation Committee does not grant equity awards in anticipation of the release of material non-public information (“MNPI”), and the Company does not time the release of MNPI based upon grant dates of equity. In the event MNPI becomes known to the Compensation Committee before granting an equity award, the Compensation Committee will consider such information and use its business judgment to determine whether to delay the grant of equity to avoid any appearance of impropriety. The Compensation Committee grants equity awards to our employees and directors on an annual basis. We may also grant equity awards to individuals upon hire, promotion or for retention purposes. The Compensation Committee does not grant equity awards in anticipation of the release of material non-public information (“MNPI”), and the Company does not time the release of MNPI based upon grant dates of equity. In the event MNPI becomes known to the Compensation Committee before granting an equity award, the Compensation Committee will consider such information and use its business judgment to determine whether to delay the grant of equity to avoid any appearance of impropriety. true Pay versus PerformanceIn accordance with the SEC’s pay versus performance rules in Item 402(v) of Regulation S-K, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO NEOs and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its compensation decisions for any of the years shown.<table cellpadding="0" style="border: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td rowspan="2" style="border: Black 1pt solid; text-align: center; vertical-align: bottom;">Year</td> <td rowspan="2" style="border: Black 1pt solid; text-align: center; vertical-align: bottom;"> Summary Compensation Table Total for First PEO¹ ($) </td> <td rowspan="2" style="border: Black 1pt solid; text-align: center; vertical-align: bottom;"> Summary Compensation Table Total for Second PEO¹ ($) </td> <td rowspan="2" style="border: Black 1pt solid; text-align: center; vertical-align: bottom;"> Compensation Actually Paid to First PEO¹˒²˒³ ($) </td> <td rowspan="2" style="border: Black 1pt solid; text-align: center; vertical-align: bottom;"> Compensation Actually Paid to Second PEO¹˒²˒³ ($) </td> <td rowspan="2" style="border: Black 1pt solid; text-align: center; vertical-align: bottom;"> Average Summary Compensation Table Total for Non-PEO NEOs1 ($) </td> <td rowspan="2" style="border: Black 1pt solid; text-align: center; vertical-align: bottom;"> Average Compensation Actually Paid to Non-PEO NEOs 1,2,3 ($) </td> <td colspan="2" style="border: Black 1pt solid; text-align: center; vertical-align: bottom;">Value of Initial Fixed $100 Investment based on:</td> <td rowspan="2" style="border: Black 1pt solid; text-align: center; vertical-align: bottom;"> Net Income ($ Millions) </td> <td rowspan="2" style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; vertical-align: bottom;">“Core Earnings” Return on Equity⁵</td> </tr> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border: Black 1pt solid; text-align: center; vertical-align: bottom;"> TSR ($) </td> <td style="border: Black 1pt solid; text-align: center; vertical-align: bottom;"> Peer Group TSR4 ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 8%;">2025</td> <td style="border: 1pt solid Black; text-align: center; width: 9%;">-</td> <td style="border: 1pt solid Black; text-align: center; width: 9%;">5,539,945</td> <td style="border: 1pt solid Black; text-align: center; width: 9%;">-</td> <td style="border: 1pt solid Black; text-align: center; width: 9%;">4,447,147</td> <td style="border: 1pt solid Black; text-align: center; width: 10%;">1,991,019</td> <td style="border: 1pt solid Black; text-align: center; width: 10%;">1,797,153</td> <td style="border: 1pt solid Black; text-align: center; width: 9%;">161.98</td> <td style="border: 1pt solid Black; text-align: center; width: 9%;">149.81</td> <td style="border: 1pt solid Black; text-align: center; width: 9%;">(80)</td> <td style="border-top: 1pt solid Black; border-bottom: 1pt solid Black; border-left: 1pt solid Black; text-align: center; width: 9%;">-0.6%</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center;">2024</td> <td style="border: 1pt solid Black; text-align: center;">-</td> <td style="border: 1pt solid Black; text-align: center;">6,104,709</td> <td style="border: 1pt solid Black; text-align: center;">-</td> <td style="border: 1pt solid Black; text-align: center;">2,121,810</td> <td style="border: 1pt solid Black; text-align: center;">2,645,022</td> <td style="border: 1pt solid Black; text-align: center;">1,962,909</td> <td style="border: 1pt solid Black; text-align: center;">121.41</td> <td style="border: 1pt solid Black; text-align: center;">125.20</td> <td style="border: 1pt solid Black; text-align: center;">131</td> <td style="border-top: 1pt solid Black; border-bottom: 1pt solid Black; border-left: 1pt solid Black; text-align: center;">10.5%</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center;">2023</td> <td style="border: 1pt solid Black; text-align: center;">12,063,101 </td> <td style="border: 1pt solid Black; text-align: center;">5,062,340 </td> <td style="border: 1pt solid Black; text-align: center;">10,488,560 </td> <td style="border: 1pt solid Black; text-align: center;">6,302,505</td> <td style="border: 1pt solid Black; text-align: center;">1,880,357</td> <td style="border: 1pt solid Black; text-align: center;">1,756,324</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">163.20</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">105.65</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">228</td> <td style="border-top: 1pt solid Black; border-bottom: 1pt solid Black; border-left: 1pt solid Black; text-align: center;">14.5%</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center;">2022</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">8,273,918 </td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">-</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">(533,002)</td> <td style="border: 1pt solid Black; text-align: center;">-</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">2,118,667</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">1,023,263</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">138.88</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">100.43</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">645</td> <td style="border-top: 1pt solid Black; border-bottom: 1pt solid Black; border-left: 1pt solid Black; text-align: center;">17.2%</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center;">2021</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">7,883,966 </td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">-</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">23,762,521 </td> <td style="border: 1pt solid Black; text-align: center;">-</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">1,822,804</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">3,722,320</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">172.23</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">116.80</td> <td style="vertical-align: top; border: 1pt solid Black; text-align: center;">717</td> <td style="border-top: 1pt solid Black; border-bottom: 1pt solid Black; border-left: 1pt solid Black; text-align: center;">24.6%</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(1)</td> <td style="text-align: justify;">Jack Remondi was our PEO for each of 2021, and 2022, and the PEO for 2023 through May 2023 (“First PEO”). David Yowan has been our PEO since May 2023 (“Second PEO”). The Non-PEO NEOs for each applicable year are as follows:</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">2025: Joe Fisher, Steve Hauber, Troy Standish and David Green</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">2024: Joe Fisher, Steve Hauber, Troy Standish, Mark Heleen and John Kane</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">2021-2023: Joe Fisher, John Kane, Mark Heleen and Steve Hauber</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(2)</td> <td style="text-align: justify;">The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total on page 63 with certain adjustments as described in footnote 3 below.</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(3)</td> <td style="text-align: justify;">Compensation Actually Paid does not necessarily represent cash and/or equity value transferred to the applicable named executive officer without restriction, but rather is a valuation that reflects the exclusions and inclusions of certain amounts for the PEOs and the non-PEO NEOs as set forth below for the most recent fiscal year. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table.</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 12%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Summary Compensation Table Total for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Exclusion of Stock Awards for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Inclusion of Equity Values for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Compensation Actually Paid to Second PEO ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">5,539,945</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,330,733)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,237,935</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,447,147</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">6,104,709</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,784,459)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(198,440)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,121,810</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">5,062,340</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,797,694)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">5,037,859</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">6,302,505</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 12%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Summary Compensation Table Total for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Exclusion of Stock Awards for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Inclusion of Equity Values for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Compensation Actually Paid to First PEO ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">12,063,101</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(4,908,202)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,333,661</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">10,488,560</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">8,273,918</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(5,363,448)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,443,472)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(533,002)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">7,883,966</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(4,999,987)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">20,878,542</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">23,762,521</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 10%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 20%; text-align: center; vertical-align: bottom;"> Average Summary Compensation Table Total for non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 25%; text-align: center; vertical-align: bottom;"> Average Exclusion of Stock Awards and Option Awards for non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 25%; text-align: center; vertical-align: bottom;"> Average Inclusion of Equity Values for non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 20%; text-align: center; vertical-align: bottom;"> Average Compensation Actually Paid to non-PEO NEOs ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,991,019</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(742,549)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">548,683</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,797,153</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,645,022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(1,014,922)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">332,809</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,962,909</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,880,357</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(905,376)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">781,343</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,756,324</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,118,667</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(922,454)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(172,950)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,023,263</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,822,804</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(687,487)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,587,003</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,722,320</td> </tr> </table>The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:<table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 9%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Total - Inclusion of Equity Values for Second PEO ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,819,440</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(707,993)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">126,488</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,237,935</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,866,685</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(2,650,412)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(414,713)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(198,440)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,906,509</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">131,350</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">5,037,859</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 9%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Total - Inclusion of Equity Values for First PEO ($) </td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,391,246</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(1,284,516)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">78,570</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">148,361</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,333,661</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,650,102</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(5,076,922)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">89,618</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(2,106,270)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,443,472)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">10,433,778</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">9,288,158</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">144,554</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,012,052</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">20,878,542</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 9%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($)(a) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Total - Average Inclusion of Equity Values for Non-PEO NEOs ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">719,825</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(183,662)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">12,520</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">548,683</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">646,142</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(223,555)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">9,328</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(99,106)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">332,809</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">834,782</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(107,807)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,597</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">49,771</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">781,343</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">654,630</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(586,311)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,981</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(246,250)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(172,950)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,373,835</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,029,085</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">6,836</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">177,247</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,587,003</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 1in;"></td> <td style="width: 0.5in;">(a)</td> <td style="text-align: justify;">This column includes the year-end value of the portion(s) of performance stock unit awards approved in a prior year with a grant date in 2025 when the “Core Earnings” Return on Equity measure for that portion is established. See discussion of the Long-term Incentive Program section in the Compensation Discussion and Analysis above.</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(4)</td> <td style="text-align: justify;">The Peer Group TSR set forth in this table utilizes the S&P 600 Financials Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2025. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the S&P 600 Financials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(5)</td> <td style="text-align: justify;">We determined Return on Equity to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in 2025. Cumulative Net Student Loan Cash Flows was our most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs from 2021 to 2024. “Core Earnings” Return on Equity is a non-GAAP measure. For more information on Return on Equity, please see the “2025 Long-term Incentive Program” section of the Compensation Discussion and Analysis included in this proxy statement.</td> </tr> </table> 0 5539945 0 4447147 1991019 1797153 161.98 149.81

-80000000

-0.006 0 6104709 0 2121810 2645022 1962909 121.41 125.2

131000000

0.105 12063101 5062340 10488560 6302505 1880357 1756324 163.2 105.65

228000000

0.145 8273918 0 -533002 0 2118667 1023263 138.88 100.43

645000000

0.172 7883966 0 23762521 0 1822804 3722320 172.23 116.8

717000000

0.246 <table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(1)</td> <td style="text-align: justify;">Jack Remondi was our PEO for each of 2021, and 2022, and the PEO for 2023 through May 2023 (“First PEO”). David Yowan has been our PEO since May 2023 (“Second PEO”). The Non-PEO NEOs for each applicable year are as follows:</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">2025: Joe Fisher, Steve Hauber, Troy Standish and David Green</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">2024: Joe Fisher, Steve Hauber, Troy Standish, Mark Heleen and John Kane</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">2021-2023: Joe Fisher, John Kane, Mark Heleen and Steve Hauber</td> </tr> </table> Jack Remondi Jack Remondi Jack Remondi David Yowan David Yowan David Yowan <table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(3)</td> <td style="text-align: justify;">Compensation Actually Paid does not necessarily represent cash and/or equity value transferred to the applicable named executive officer without restriction, but rather is a valuation that reflects the exclusions and inclusions of certain amounts for the PEOs and the non-PEO NEOs as set forth below for the most recent fiscal year. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table.</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 10%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 20%; text-align: center; vertical-align: bottom;"> Average Summary Compensation Table Total for non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 25%; text-align: center; vertical-align: bottom;"> Average Exclusion of Stock Awards and Option Awards for non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 25%; text-align: center; vertical-align: bottom;"> Average Inclusion of Equity Values for non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 20%; text-align: center; vertical-align: bottom;"> Average Compensation Actually Paid to non-PEO NEOs ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,991,019</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(742,549)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">548,683</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,797,153</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,645,022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(1,014,922)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">332,809</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,962,909</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,880,357</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(905,376)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">781,343</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,756,324</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,118,667</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(922,454)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(172,950)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,023,263</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,822,804</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(687,487)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,587,003</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,722,320</td> </tr> </table>The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:<table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 9%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($)(a) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Total - Average Inclusion of Equity Values for Non-PEO NEOs ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">719,825</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(183,662)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">12,520</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">548,683</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">646,142</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(223,555)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">9,328</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(99,106)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">332,809</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">834,782</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(107,807)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,597</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">49,771</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">781,343</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">654,630</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(586,311)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,981</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(246,250)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(172,950)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,373,835</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,029,085</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">6,836</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">177,247</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,587,003</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 1in;"></td> <td style="width: 0.5in;">(a)</td> <td style="text-align: justify;">This column includes the year-end value of the portion(s) of performance stock unit awards approved in a prior year with a grant date in 2025 when the “Core Earnings” Return on Equity measure for that portion is established. See discussion of the Long-term Incentive Program section in the Compensation Discussion and Analysis above.</td> </tr> </table> <table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(3)</td> <td style="text-align: justify;">Compensation Actually Paid does not necessarily represent cash and/or equity value transferred to the applicable named executive officer without restriction, but rather is a valuation that reflects the exclusions and inclusions of certain amounts for the PEOs and the non-PEO NEOs as set forth below for the most recent fiscal year. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards columns set forth in the Summary Compensation Table.</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 12%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Summary Compensation Table Total for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Exclusion of Stock Awards for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Inclusion of Equity Values for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Compensation Actually Paid to Second PEO ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">5,539,945</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,330,733)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,237,935</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,447,147</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">6,104,709</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,784,459)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(198,440)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,121,810</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">5,062,340</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,797,694)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">5,037,859</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">6,302,505</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 12%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Summary Compensation Table Total for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Exclusion of Stock Awards for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Inclusion of Equity Values for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 22%; text-align: center; vertical-align: bottom;"> Compensation Actually Paid to First PEO ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">12,063,101</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(4,908,202)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,333,661</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">10,488,560</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">8,273,918</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(5,363,448)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,443,472)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(533,002)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">7,883,966</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(4,999,987)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">20,878,542</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">23,762,521</td> </tr> </table>The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:<table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 9%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Total - Inclusion of Equity Values for Second PEO ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,819,440</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(707,993)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">126,488</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,237,935</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,866,685</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(2,650,412)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(414,713)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(198,440)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,906,509</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">131,350</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">5,037,859</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 9%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Total - Inclusion of Equity Values for First PEO ($) </td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,391,246</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(1,284,516)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">78,570</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">148,361</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,333,661</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,650,102</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(5,076,922)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">89,618</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(2,106,270)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,443,472)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">10,433,778</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">9,288,158</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">144,554</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,012,052</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">20,878,542</td> </tr> </table> 5539945 -3330733 2237935 4447147 6104709 -3784459 -198440 2121810 5062340 -3797694 5037859 6302505 12063101 -4908202 3333661 10488560 8273918 -5363448 -3443472 -533002 7883966 -4999987 20878542 23762521 1991019 -742549 548683 1797153 2645022 -1014922 332809 1962909 1880357 -905376 781343 1756324 2118667 -922454 -172950 1023263 1822804 -687487 2587003 3722320 The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:<table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 9%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Second PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Total - Inclusion of Equity Values for Second PEO ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,819,440</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(707,993)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">126,488</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,237,935</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,866,685</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(2,650,412)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(414,713)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(198,440)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,906,509</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">131,350</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">5,037,859</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 9%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for First PEO ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Total - Inclusion of Equity Values for First PEO ($) </td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,391,246</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(1,284,516)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">78,570</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">148,361</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,333,661</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">3,650,102</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(5,076,922)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">89,618</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(2,106,270)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(3,443,472)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">10,433,778</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">9,288,158</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">144,554</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,012,052</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">20,878,542</td> </tr> </table><table cellpadding="0" style="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; background-color: #CCC0D9; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center; width: 9%; vertical-align: bottom;">Year</td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($)(a) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs ($) </td> <td style="border-top: black 1pt solid; border-left: black 1pt solid; width: 13%; text-align: center; vertical-align: bottom;"> Total - Average Inclusion of Equity Values for Non-PEO NEOs ($) </td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2025</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">719,825</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(183,662)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">12,520</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">548,683</td> </tr> <tr style="font-family: Times New Roman, Times, Serif"> <td style="vertical-align: top; border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2024</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">646,142</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(223,555)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">9,328</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(99,106)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">-</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">332,809</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2023</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">834,782</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(107,807)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,597</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">49,771</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">781,343</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2022</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">654,630</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(586,311)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">4,981</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(246,250)</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">(172,950)</td> </tr> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="border-top: black 1pt solid; border-left: black 1pt solid; text-align: center;">2021</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,373,835</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">1,029,085</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">6,836</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">177,247</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">0</td> <td style="border-top: 1pt solid black; border-left: 1pt solid black; text-align: center;">2,587,003</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 1in;"></td> <td style="width: 0.5in;">(a)</td> <td style="text-align: justify;">This column includes the year-end value of the portion(s) of performance stock unit awards approved in a prior year with a grant date in 2025 when the “Core Earnings” Return on Equity measure for that portion is established. See discussion of the Long-term Incentive Program section in the Compensation Discussion and Analysis above.</td> </tr> </table> 2819440 -707993 0 126488 0 0 2237935 2866685 -2650412 0 -414713 0 0 -198440 4906509 0 131350 0 0 0 5037859 4391246 -1284516 78570 148361 0 0 3333661 3650102 -5076922 89618 -2106270 0 0 -3443472 10433778 9288158 144554 1012052 0 0 20878542 719825 -183662 0 12520 0 0 548683 646142 -223555 9328 -99106 0 0 332809 834782 -107807 4597 49771 0 0 781343 654630 -586311 4981 -246250 0 0 -172950 1373835 1029085 6836 177247 0 0 2587003 <table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(4)</td> <td style="text-align: justify;">The Peer Group TSR set forth in this table utilizes the S&P 600 Financials Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2025. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the S&P 600 Financials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.</td> </tr> </table> <table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0;"></td> <td style="width: 0.5in;">(5)</td> <td style="text-align: justify;">We determined Return on Equity to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs in 2025. Cumulative Net Student Loan Cash Flows was our most important financial performance measure used to link Company performance to Compensation Actually Paid to our PEOs and Non-PEO NEOs from 2021 to 2024. “Core Earnings” Return on Equity is a non-GAAP measure. For more information on Return on Equity, please see the “2025 Long-term Incentive Program” section of the Compensation Discussion and Analysis included in this proxy statement.</td> </tr> </table> Return on Equity <img alt="" src="ny20066419x1_def14aimg020.jpg"/> <img alt="" src="ny20066419x1_def14aimg021.jpg"/> <img alt="" src="ny20066419x1_def14aimg021.jpg"/> <img alt="" src="ny20066419x1_def14aimg022.jpg"/> SEC rules for disclosing the relationship between “compensation actually paid” and performance measures allow companies to select, among other things, the most important financial performance measure and the peer group for calculating TSR. Additionally, the SEC rules do not mandate a particular format for disclosing the relationship between pay and performance. As a result, the relationships disclosed by other companies regarding compensation actually paid and performance measures may not be comparable to the relationships disclosed by Navient above, as other companies may have selected different financial performance measures and/or peer groups for their disclosure and may have used different methodologies and assumptions for selecting these metrics. In addition, the relationship between the Company’s pay and performance may evolve over time as the Company’s business strategy and the design of the Company’s incentive programs evolve to better align with shareholder value and to recognize the transformation of the Company as we shift our priorities to focus on strategic growth. 2025 Performance MeasuresAs noted above, Our Compensation Committee believes in a holistic evaluation of our named executive officers’ and our company’s performance and uses a mix of well-balanced performance measures throughout our annual and long-term incentive programs to align executive pay with shareholder value creation. As required by SEC rules, the financial performance measures identified as the most important for named executive officers’ 2025 compensation decisions are listed below.<table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">Cumulative Net Student Loan Cash Flows</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">Return on Equity</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">Adjusted Diluted “Core Earnings” Per Share</td> </tr> </table><table cellpadding="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; border-spacing: 0px;"> <tr style="vertical-align: top; font-family: Times New Roman, Times, Serif"> <td style="width: 0.5in;"></td> <td style="width: 0.5in;">●</td> <td style="text-align: justify;">Relative Total Shareholder Return</td> </tr> </table> Cumulative Net Student Loan Cash Flows Return on Equity Adjusted Diluted “Core Earnings” Per Share Relative Total Shareholder Return DEF 14A 0001593538 false