Sundar PichaiSundar Pichai earned $164M in 2023

Kerri A. Palmer is the current CEO and Chief Operational Officer of SLM Corporation, a position she took on in January 2023. Born in 1971, Kerri has over a decade of experience in risk management, having previously served as Chief...

Quick Links
S

Kerri A. Palmer

CEO of SLM

Education

Not specified

Sector of Economy

Financial Services

Born

January 1, 1971 - 54 years ago

CEO of SLM for

2 years 2 months (Jan 2023 - Present)

Previous Experience

Chief Risk Officer of SLM Corporation and Sallie Mae Bank, Senior Vice President, Risk Management at Capital One

Holdings

See how much did Kerri A. Palmer make over time.

Kerri A. Palmer holds 77,262 unexercised options of SLM Corporation, all set to expire on February 5, 2031, with an exercise price of $17.65. As of December 31, 2022, her unvested stock has a market value of approximately $962,737, based...

Loading...

Total Stock Sold

$767.00K

SLM

$767.00K

25,000 SLM shares

What if they kept their stock?

If Kerri A. Palmer didn't sell their stock, today they would have:
Extra SLM25,000 shares worth $167.50K.
This is -78.16% and $599.50K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Kerri A. Palmer.

SLM

23,496 shares

SLM

Mar 3, 2025

Received

SLM

33,789 shares

SLM

Feb 24, 2025

Received

SLM

$797.52K

SLM at $31.90/share

Feb 21, 2025

Sale

SLM

24,859 shares

SLM

Feb 16, 2024

Received

SLM

22,655 shares

SLM

Feb 13, 2024

Received

SLM

126,363 shares

SLM

Feb 17, 2023

Received

SLM

17,465 shares

SLM

Feb 18, 2022

Received

SLM

11,408 shares

SLM

Feb 5, 2021

Received

Compensation History

See how much did Kerri A. Palmer make over time.

In 2023, Kerri A. Palmer received total compensation of $601,416 from SLM Corporation. This included a base salary of $566,500, but there were no bonuses or vested stock awards due to the vesting schedules of her restricted stock units (RSUs) and other incentive plans. Notably, her compensation plan was recently revised to increase her target annual incentive bonus from 135% to 150% of her salary. This adjustment reflects a strong focus on aligning executive rewards with company performance, ensuring that as SLM performs better, Palmer is also compensated more favorably. Additionally, the lack of stock sales in 2023 suggests that Palmer is committed to the company's growth and is invested in its long-term success.

Year

2023

Total Compensation

$602.42K

Salary

$566.50K

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance and shareholder interests, emphasizing pay-for-performance and retention strategies.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023.

Other

$35.92K

Board Justification

Includes employer contributions to defined contribution plans and other compensation.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the RSUs and PSUs are subject to future vesting schedules.

Performance Metrics

The performance metrics for 2023 included financial metrics such as pre-tax, pre-provision income per share, net charge-offs, and relative total shareholder return.

Other SLM CEOs

Here are other CEOs of SLM