Navient Management

Management criteria checks 1/4

Navient's CEO is Dave Yowan, appointed in May 2023, has a tenure of 1.5 years. total yearly compensation is $5.38M, comprised of 9.8% salary and 90.2% bonuses, including company stock and options. directly owns 0.55% of the company’s shares, worth $8.75M. The average tenure of the management team and the board of directors is 0.8 years and 7 years respectively.

Key information

Dave Yowan

Chief executive officer

US$5.4m

Total compensation

CEO salary percentage	9.8%
CEO tenure	1.5yrs
CEO ownership	0.5%
Management average tenure	less than a year
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dave Yowan's remuneration changed compared to Navient's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$79m
Jun 30 2024	n/a	n/a	US$160m
Mar 31 2024	n/a	n/a	US$190m
Dec 31 2023	US$5m	US$529k	US$228m
Sep 30 2023	n/a	n/a	US$361m
Jun 30 2023	n/a	n/a	US$387m
Mar 31 2023	n/a	n/a	US$501m
Dec 31 2022	US$285k	n/a	US$645m
Sep 30 2022	n/a	n/a	US$529m
Jun 30 2022	n/a	n/a	US$597m
Mar 31 2022	n/a	n/a	US$602m
Dec 31 2021	US$260k	n/a	US$717m
Sep 30 2021	n/a	n/a	US$913m
Jun 30 2021	n/a	n/a	US$948m
Mar 31 2021	n/a	n/a	US$888m
Dec 31 2020	US$245k	n/a	US$412m
Sep 30 2020	n/a	n/a	US$399m
Jun 30 2020	n/a	n/a	US$335m
Mar 31 2020	n/a	n/a	US$363m
Dec 31 2019	US$230k	n/a	US$597m
Sep 30 2019	n/a	n/a	US$497m
Jun 30 2019	n/a	n/a	US$466m
Mar 31 2019	n/a	n/a	US$397m
Dec 31 2018	US$230k	n/a	US$395m
Sep 30 2018	n/a	n/a	US$239m
Jun 30 2018	n/a	n/a	US$302m
Mar 31 2018	n/a	n/a	US$330m
Dec 31 2017	US$228k	n/a	US$292m

Compensation vs Market: Dave's total compensation ($USD5.38M) is above average for companies of similar size in the UK market ($USD2.14M).

Compensation vs Earnings: Dave's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Dave Yowan (67 yo)

1.5yrs

Tenure

US$5,379,474

Compensation

Mr. David L. Yowan, also known as Dave, is President and Chief Executive Officer at Navient Corporation since May 15, 2023 and as its Director from March 30, 2017. He has been Executive Vice President of A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Yowan	President	1.5yrs	US$5.38m	0.55% $ 8.8m
Joe Fisher	Executive VP	4.1yrs	US$2.26m	0.070% $ 1.1m
Stephen Hauber	Executive VP & Chief Administrative Officer	less than a year	US$1.53m	0.24% $ 3.8m
John Kane	Executive VP & Group President of Business Processing Solutions	9.4yrs	US$1.90m	0.32% $ 5.2m
Troy Standish	COO & Executive VP	less than a year	no data	0.12% $ 1.9m
Jen Earyes	Head of Investor Relations	no data	no data	no data
Matthew Sheldon	Senior VP & General Counsel	less than a year	no data	no data
Paul Hartwick	Vice President of Corporate Communications	no data	no data	no data
Shanee Ben-Zur	Chief Marketing Officer of Earnest	less than a year	no data	no data
Judah Holland	Senior Vice President of Strategic Initiatives	less than a year	no data	no data
Deanna Coloe	VP & Chief Audit Officer	less than a year	no data	no data
Robert Crawford	Senior VP & Controller	no data	no data	no data

0.8yrs

Average Tenure

54yo

Average Age

Experienced Management: 0K5R's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
David Yowan	President	7.7yrs	US$5.38m	0.55% $ 8.8m
Edward Bramson	Independent Vice Chair of the Board of Directors	2.5yrs	no data	no data
Larry Klane	Independent Director	5.5yrs	US$280.06k	0.0068% $ 109.6k
Frederick Arnold	Independent Director	6.3yrs	US$260.05k	0.065% $ 1.0m
Linda Mills	Independent Chairman	10.5yrs	US$410.04k	0.14% $ 2.3m
Anna Cabral	Independent Director	9.9yrs	US$278.81k	0.046% $ 736.4k
Michael Lawson	Independent Director	3.3yrs	US$260.05k	0.025% $ 407.3k
Jane Thompson	Independent Director	10.7yrs	US$280.06k	0.0058% $ 93.5k

7.0yrs

Average Tenure

69.5yo

Average Age

Experienced Board: 0K5R's board of directors are considered experienced (7 years average tenure).

Navient Management

Management criteria checks 1/4

Key information

Recent management updates

Navient Corporation Announces Executive Changes

Insufficient new directors

Navient Corporation, Annual General Meeting, May 23, 2024

Chief Legal Officer recently sold US$380k worth of stock

Insufficient new directors

Navient Announces CEO Changes

Recent updates

Third quarter dividend of US$0.16 announced

Navient Corporation Declares 2024 Fourth Quarter Dividend, Payable on December 20, 2024

Third quarter 2024 earnings released: US$0.019 loss per share (vs US$0.66 profit in 3Q 2023)

Now 21% undervalued after recent price drop

Navient Corporation Announces Executive Changes

Navient Corporation to Report Q3, 2024 Results on Oct 30, 2024

Coding Solutions Acquisition, Inc. completed the acquisition of Xtend Healthcare LLC from Navient Corporation (NasdaqGS:NAVI).

New major risk - Revenue and earnings growth

Insufficient new directors

Second quarter dividend of US$0.16 announced

Navient Corporation Declares Third Quarter Common Stock Dividend, Payable on September 20, 2024

Coding Solutions Acquisition, Inc. agreed to acquire an unknown majority stake in Xtend Healthcare LLC from Navient Corporation (NasdaqGS:NAVI) for approximately $370 million.

Second quarter 2024 earnings released: EPS: US$0.32 (vs US$0.53 in 2Q 2023)

Navient Corporation to Report Q2, 2024 Results on Jul 24, 2024

First quarter dividend of US$0.16 announced

Navient Declares Second Quarter Common Stock Dividend, Payable on June 21, 2024

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: US$0.65 (vs US$0.86 in 1Q 2023)

Navient Corporation, Annual General Meeting, May 23, 2024

Navient Corporation to Report Q1, 2024 Results on Apr 24, 2024

Now 20% undervalued after recent price drop

Full year 2023 earnings released: EPS: US$1.87 (vs US$4.54 in FY 2022)

Fourth quarter dividend of US$0.16 announced

Navient Corporation Declares Dividend for the First Quarter of 2024, Payable on March 15, 2024

Full year 2023 earnings released: EPS: US$1.87 (vs US$4.54 in FY 2022)

Navient Corporation to Report Q4, 2023 Results on Jan 31, 2024

Third quarter 2023 earnings released: EPS: US$0.66 (vs US$0.76 in 3Q 2022)

Navient Corporation Reports Charge Offs for the Third Quarter Ended September 30, 2023

Navient Corporation Reports Charge Offs for the Third Quarter Ended September 30, 2023

Navient Corporation to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$0.16 per share at 3.6% yield

Navient Corporation Declares Third Quarter Common Stock Dividend, Payable on September 15, 2023

Chief Legal Officer recently sold US$380k worth of stock

Second quarter 2023 earnings released: EPS: US$0.53 (vs US$1.23 in 2Q 2022)

Navient Corporation to Report Q2, 2023 Results on Jul 26, 2023

Investor sentiment improves as stock rises 16%

New minor risk - Share price stability

Insufficient new directors

Navient Corporation Declares Second Quarter Common Stock Dividend, Payable on June 16, 2023

Navient Announces CEO Changes

First quarter 2023 earnings released: EPS: US$0.87 (vs US$1.69 in 1Q 2022)

Full year 2022 earnings released: EPS: US$4.54 (vs US$4.22 in FY 2021)

Full year 2022 earnings released: EPS: US$4.54 (vs US$4.22 in FY 2021)

Navient Corporation to Report Q4, 2022 Results on Jan 24, 2023

Upcoming dividend of US$0.16 per share

Navient Corporation Declares Dividend for the Fourth Quarter 2022, Payable on December 16, 2022

Navient Corporation Provides Earnings Guidance for the Year 2022

Third quarter 2022 earnings released: EPS: US$0.75 (vs US$1.05 in 3Q 2021)

Navient Corporation to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.16 per share

Navient Declares Dividend for Third Quarter of 2022, Payable on September 16, 2022

Second quarter 2022 earnings released: EPS: US$1.23 (vs US$1.06 in 2Q 2021)

Navient Corporation to Report Q2, 2022 Results on Jul 26, 2022

Investor sentiment deteriorated over the past week

Insufficient new directors

Upcoming dividend of US$0.16 per share

Navient Declares Dividend for Second Quarter of 2022, Payable on June 17, 2022

First quarter 2022 earnings released: EPS: US$1.69 (vs US$2.02 in 1Q 2021)

Katherine Lehman to Leave Navient Board of Directors

Navient Corporation, Annual General Meeting, Jun 02, 2022

Navient Corporation to Report Q1, 2022 Results on Apr 26, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Navient Corporation Declares Dividend for the First Quarter of 2022, Payable on March 18, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Investor sentiment deteriorated over the past week

Navient Corporation Reaches Agreements with State Attorneys General to Resolve Previously Disclosed Multistate Litigation and Investigations

Levi & Korsinsky, LLP Announces a Proposed Settlement in the Navient Corporation Securities Litigation

Navient Corporation (NasdaqGS:NAVI) announces an Equity Buyback for $1,000 million worth of its shares.

Third quarter 2021 earnings released: EPS US$1.05 (vs US$1.07 in 3Q 2020)