LendingClub Corp (LC) director receives 13,715 RSUs as annual equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reimann Kathryn reported acquisition or exercise transactions in this Form 4 filing.
LendingClub Corp director Kathryn Reimann reported a new equity grant and her current share holdings. The filing shows an annual non-employee director award of 13,715 Restricted Stock Units granted at no cash cost under the 2014 Equity Incentive Plan. Each RSU represents the right to receive one share of common stock and will vest quarterly over a one-year period beginning on June 2, 2026, contingent on continued board service. A separate holding entry reports 85,263 shares of common stock held directly as of the transaction date, providing context for her existing ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Reimann Kathryn
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,715 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,715 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 13,715 RSUs
Grant price: $0.00 per RSU
Common shares held: 85,263 shares
3 metrics
RSU grant size
13,715 RSUs
Annual non-employee director equity award
Grant price
$0.00 per RSU
Stock-based compensation, not open-market purchase
Common shares held
85,263 shares
Direct holdings as of transaction date
Key Terms
Restricted Stock Units ("RSUs"), 2014 Equity Incentive Plan, vesting
3 terms
Restricted Stock Units ("RSUs") financial
"Represents the annual non-employee director equity award of Restricted Stock Units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2014 Equity Incentive Plan financial
"made under the LendingClub Corporation 2014 Equity Incentive Plan."
vesting financial
"The RSUs will vest quarterly over a one-year period beginning on June 2, 2026, subject to continued service through each vesting date."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did LendingClub Corp (LC) report for Kathryn Reimann?
LendingClub Corp reported that director Kathryn Reimann received an annual non-employee director equity award of 13,715 Restricted Stock Units. The grant is compensation under the 2014 Equity Incentive Plan and does not involve a cash purchase of shares on the open market.
How many RSUs did LendingClub director Kathryn Reimann receive in this Form 4?
Kathryn Reimann received 13,715 Restricted Stock Units as her annual non-employee director equity award. Each RSU can convert into one share of LendingClub common stock upon vesting, aligning her compensation with shareholder interests over time as the RSUs settle.
What is the vesting schedule for Kathryn Reimann’s LendingClub RSU grant?
The 13,715 RSUs granted to Kathryn Reimann will vest quarterly over a one-year period beginning on June 2, 2026. Vesting is subject to her continued service as a director through each vesting date, gradually delivering shares rather than all at once.
What plan governs Kathryn Reimann’s new RSU award from LendingClub Corp?
The RSU award to Kathryn Reimann was made under the LendingClub Corporation 2014 Equity Incentive Plan. This plan provides stock-based compensation to eligible participants, and the RSUs convert into common shares upon vesting, subject to continued service requirements.