LendingClub (LC) SVP Fergal Stack receives grant of 18,833 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LendingClub Corp reported that SVP and Corporate Controller Fergal Stack acquired 18,833 restricted stock units (RSUs) as an equity award. Each RSU represents a right to receive one share of LendingClub common stock upon vesting.
The award was granted under LendingClub's 2014 Equity Incentive Plan. The RSUs will vest as to 8.33% of the total shares on May 25, 2026, with additional 8.33% portions vesting quarterly thereafter, subject to Mr. Stack’s continued service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stack Fergal
Role
SVP, Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 18,833 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 18,833 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. Represents a grant of RSUs under the Issuer's 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the unit, one share of the Issuer's common stock. The RSUs will vest as to 8.33% of the total shares on May 25, 2026, with an additional 8.33% of the total shares vesting quarterly thereafter, subject to continued service through each vesting date. Not applicable.
FAQ
What insider transaction did LendingClub (LC) report for Fergal Stack?
LendingClub reported that SVP and Corporate Controller Fergal Stack received a grant of 18,833 restricted stock units. These RSUs are part of his equity compensation and each represents the right to receive one share of common stock upon vesting.
How many RSUs were granted to LendingClub executive Fergal Stack?
Fergal Stack was granted 18,833 restricted stock units from LendingClub. This equity award gives him a contingent right to receive an equal number of common shares as the units vest over a defined future schedule tied to continued service.
When do Fergal Stack’s LendingClub RSUs begin vesting?
The RSUs granted to Fergal Stack begin vesting on May 25, 2026. On that date, 8.33% of the total units vest, with additional 8.33% portions vesting quarterly thereafter, as long as he continues providing service to the company.
What does each LendingClub RSU granted to Fergal Stack represent?
Each restricted stock unit granted to Fergal Stack represents a contingent right to receive one share of LendingClub common stock. The shares are delivered only as the RSUs vest according to the schedule and continued service conditions described in the award terms.
Under which plan were Fergal Stack’s LendingClub RSUs granted?
Fergal Stack’s 18,833 restricted stock units were granted under LendingClub’s 2014 Equity Incentive Plan. This plan is used by the company to provide stock-based compensation awards that align executives’ interests with shareholders over time through vesting.