Navient Corporation has announced a new compensation agreement with its Chief Executive Officer and President, David L. Yowan, effective July 1, 2025. Under the terms of the letter agreement dated July 7, 2025, Mr. Yowan's annual base salary will increase to $1 million. He will also be eligible for an annual bonus in 2025, set at a target amount equal to 150% of his average annual base salary during the year. Additionally, Mr. Yowan will receive an award of restricted stock units (RSUs) valued at $1.6 million and performance-based restricted stock units (PSUs). The PSUs will vest based on both a service condition and performance goals, with targets set for legacy expenses and total shareholder return relative to peer companies over the fiscal years 2025 through 2027. This agreement amends a prior letter agreement from 2023, as previously amended in 2024.