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-0.0277634961439588 -0.0185089974293059 -0.0179948586118251 -0.0174807197943445 0.0159383033419024 -0.0146529562982005 -0.00925449871465294 -0.020822622107969
Stock impact report

Sallie Mae Announces $200 million Accelerated Share Repurchase

SLM Corporation (SLM) 
Last slm corporation earnings: 4/22 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: salliemae.com/about/investors
Company Research Source: Business Wire
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM) formally SLM Corporation, today announced that it has entered into a $200 million accelerated share repurchase (“ASR”) agreement with Goldman Sachs & Co. LLC (“Goldman Sachs”).The ASR and any future share repurchases will be conducted under the $500 million share repurchase program authorized by Sallie Mae’s Board of Directors, effective Jan. 22, 2026.“Following our fourth-quarter earnings announcement, pursuant to our $500 million share repurchase authorization, we promptly implemented a dynamic repurchase plan, which was fully executed amid the significant market dislocation experienced over the past several weeks,” said Jon Witter, Chief Executive Officer, Sallie Mae. “Today’s accelerated share repurchase announcement, together with shares already repurchased this quarter, brings our first-quarter share repurchases and commitments to nearly $300 million, reflecting our disciplined approach to capital allocation and our bel Show less Read more
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