LendingClub SVP awarded 18,833 RSUs
LendingClub Corp reported that SVP and Corporate Controller Fergal Stack acquired 18,833 restricted stock units (RSUs) as an equity award.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 18,833 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- F2. 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.
- F3. Not applicable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LendingClub (LC) report for Fergal Stack?
How many RSUs were granted to LendingClub executive Fergal Stack?
When do Fergal Stack’s LendingClub RSUs begin vesting?
What does each LendingClub RSU granted to Fergal Stack represent?
Under which plan were Fergal Stack’s LendingClub RSUs granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.