How Witter was paid
$11.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Jonathan W. WitterChief Executive Officer | $1,100,000 | $8,444,994 | $1,672,000 | $44,739 | $11,261,733 |
| Peter M. GrahamCo-President and Chief Financial Officer | $580,000 | $1,899,393 | $826,500 | $43,754 | $3,349,647 |
| Kerri A. PalmerCo-President and Head of Financial Services and President of Sallie Mae Bank | $566,500 | $1,450,944 | $807,262 | $46,950 | $2,871,656 |
| Donna F. VieiraFormer Executive Vice President and Chief Commercial Officer | $535,545 | $1,319,028 | $763,152 | $42,500 | $2,660,225 |
| Nicolas JafariehExecutive Vice President and Chief Legal, Government Affairs, and Communications Officer | $504,000 | $1,107,963 | $976,500 | $45,069 | $2,633,532 |
What changed and why
- $11.3MChief executive officer total compensation decreased to $11,261,733 in 2025 compared to $11,804,848 in 2024.
- $729MNet income attributable to common stock was $729 million for 2025 compared to $590 million in the prior year.
- $7.4BPrivate education loan originations increased approximately 6 percent year-over-year to $7.4 billion in 2025.
- 99.1%Stockholders supported the executive compensation program with 99.1 percent voting in favor at the 2025 annual meeting.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.