In 2023, David L. Yowan earned $3.14M in total compensation at Navient, including $800.00K salary, $729.83K bonus and $1.60M in stock. Most recently acquired 277,392 shares in Jul 2024. Currently holds stock worth $6.95M. 2+ years at the helm of Navient.
Compensation History
Annual executive compensation data for David L. Yowan, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$3.14M
Salary
$800.00K
Bonus
$729.83K
Other
$6.26K
Salary
$800.00KBoard Justification
Navient's compensation philosophy emphasizes aligning executive compensation with performance and shareholder interests, with a significant portion of total compensation being at-risk and dependent on achieving specific performance objectives.
Bonus
$729.83KBoard Justification
The bonus is based on the Management Incentive Plan (MIP) with a target of 150% of base salary, prorated for the number of days served as CEO in 2023, and calculated based on performance metrics.
Other Compensation
$6.26KBoard Justification
Includes employer contributions to defined contribution plan, transportation allowance, and insurance premiums.
Restricted Stock
Board Justification
The RSUs granted on May 15, 2023, vest 50% on May 15, 2024, and 50% on December 31, 2024, contingent on continued employment as CEO.
Performance Metrics
The performance metrics for the 2023 Management Incentive Plan included Adjusted Diluted Core Earnings Per Share, Adjusted Core Earnings Efficiency Ratio, Business Processing EBITDA, and Private Education Loan Gross Defaults.
David L. Yowan
CEO of Navient
Education
Bachelor's degree in finance from the University of Michigan.
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1957 - 68 years ago
CEO of Navient for
2 years 6 months (May 2023 - Present)
Previous Experience
Executive Vice President and Corporate Treasurer of American Express; held various positions at Citigroup.
Other Navient CEOs
Holdings
Track David L. Yowan's stock holdings and portfolio value over time.
Insider Trading
David L. Yowan's recent stock transactions, purchases, and sales filed with the SEC.
$4.00M
NAVI at $14.42/share
Jul 3, 2024
Received
$4.00M
NAVI at $15.11/share
May 15, 2023
Received
$139.99K
NAVI at $18.92/share
Feb 6, 2023
Received
7,856 shares
NAVI
Feb 4, 2022
Received
10,569 shares
NAVI
Feb 4, 2021
Received
9,219 shares
NAVI
Feb 6, 2020
Received
11,363 shares
NAVI
Feb 5, 2019
Received
8,742 shares
NAVI
Mar 30, 2017
Received
Rivals
Compare David L. Yowan with competitor CEOs and industry peers.
Timothy S. Crane
CEO of Wintrust Financial
2023 Compensation
Stock
$276.30K
Salary
$1.00M
Bonus
$1.14M
Other
$33.85K
Total Holdings
$10.29M
John F. Woods
CEO of Citizens Financial Group
2023 Compensation
Stock
$150.00K
Salary
$950.00K
Bonus
$300.00K
Other
$100.00K
Total Holdings
$11.21M
Vincent J. Delie, Jr.
CEO of F.N.B. Corporation
2023 Compensation
Stock
$11.00M
Salary
$1.19M
Bonus
$0.00
Other
$649.18K
Total Holdings
$24.28M
Brian Doubles
CEO of Synchrony Financial
2023 Compensation
Stock
$0.00
Salary
$1.15M
Bonus
$3.87M
Other
$613.41K
Total Holdings
$42.94M
Kerri A. Palmer
CEO of SLM
2023 Compensation
Stock
$0.00
Salary
$566.50K
Bonus
$0.00
Other
$35.92K
Total Holdings
$5.08M