Troy Standish, Executive Vice President and Chief Operating Officer of Navient Holdings, Inc., filed an initial statement of beneficial ownership (Form 3) on November 9, 2026, reporting securities held as of the event date of October 28, 2026.

Key Highlights

  • Reporting person: Troy Standish, identified as EVP and Chief Operating Officer of Navient Holdings, Inc. (NASDAQ:NAVI)
  • Direct common stock ownership: 256,159.9314 shares held directly, including 120,753.302 restricted stock units and performance stock units subject to vesting
  • Indirect common stock ownership: 16,713.2998 shares held indirectly through a 401(k) plan
  • Derivative security: 891.8194 phantom stock units, each economically equivalent to one share of common stock, exercisable at $0, held directly
  • Event date: October 28, 2026, the date requiring the initial statement
  • Successor entity: Navient Holdings, Inc. is described as the successor to Navient Corporation under the Securities Exchange Act of 1934, as amended

Standish's Initial Beneficial Ownership in Navient Holdings Detailed

According to the filing, Troy Standish reported beneficial ownership of common stock in two forms. He directly holds 256,159.9314 shares, a figure that the filing notes includes 120,753.302 restricted stock units and performance stock units. These units "were received in respect of, and remain subject to vesting terms applicable to, restricted stock units and performance stock units granted by, and as reported on Form 4 filings with respect to, Navient Corporation," given that Navient Holdings, Inc. is the successor entity under the Securities Exchange Act of 1934, as amended.

In addition, Standish indirectly holds 16,713.2998 shares of common stock through a 401(k) plan. The filing states that the information reported reflects the reporting person's actual account balance as of October 28, 2026. No transaction prices are reported for these holdings, as this is an initial ownership statement rather than a record of a purchase or sale.

Under Table II, Standish also reported 891.8194 phantom stock units classified as derivative securities. The filing describes each phantom stock unit as "the economic equivalent of one share of common stock," with a conversion or exercise price of $0. Settlement of these units, the filing states, will be "in cash or shares of Navient common stock based on the reporting person's deferral and distribution elections in the Navient Supplemental 401(k) Savings Plan and the Navient Holdings, Inc., Deferred Compensation Plan for Key Employees." The filing was signed by Matthew Sheldon under a Power of Attorney on November 9, 2026.

What Was Disclosed

Navient Holdings EVP and COO Troy Standish filed an initial beneficial ownership statement covering 256,159.9314 directly held shares, 16,713.2998 indirectly held shares via a 401(k), and 891.8194 phantom stock units, all as of October 28, 2026.