LendingClub (LC) grants director 13,715 RSUs vesting over one year
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LANDON ALLAN R reported acquisition or exercise transactions in this Form 4 filing.
LendingClub Corp director Allan R. Landon received an annual non-employee director equity award of 13,715 Restricted Stock Units (RSUs) on common stock. Each RSU represents the right to receive one LendingClub share upon vesting.
The RSUs will vest quarterly over a one-year period beginning on June 2, 2026, conditioned on his continued service through each vesting date. A separate holding entry shows 145,327 shares of common stock held directly after the reported transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LANDON ALLAN R
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 per RSU: $0.0000 per share
Vesting period: One year, quarterly
+1 more
4 metrics
RSU grant size
13,715 RSUs
Annual non-employee director equity award
Grant price per RSU
$0.0000 per share
Compensation grant, not open-market purchase
Vesting period
One year, quarterly
Beginning on June 2, 2026
Common shares held
145,327 shares
Direct holdings after reported transactions
Key Terms
Restricted Stock Units, Equity Incentive Plan, non-employee director, vesting
4 terms
Restricted Stock Units financial
"Represents the annual non-employee director equity award of Restricted Stock Units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Incentive Plan financial
"made under the LendingClub Corporation 2014 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
non-employee director financial
"Represents the annual non-employee director equity award of Restricted Stock Units"
vesting financial
"The RSUs will vest quarterly over a one-year period beginning on June 2, 2026"
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 (LC) report for Allan R. Landon?
LendingClub reported that director Allan R. Landon received an annual equity grant of 13,715 Restricted Stock Units. Each RSU corresponds to one share of common stock, awarded as compensation rather than an open-market purchase or sale.
How many RSUs did the LendingClub director receive in this Form 4 filing?
Allan R. Landon received 13,715 Restricted Stock Units from LendingClub. These RSUs are part of the company’s annual non-employee director equity award under the 2014 Equity Incentive Plan, rather than a cash transaction in the open market.
What is the vesting schedule for Allan R. Landon’s 13,715 LendingClub RSUs?
The 13,715 RSUs will vest quarterly over a one-year period beginning on June 2, 2026. Each quarterly vesting date requires that Allan R. Landon continue serving as a director through that specific vesting date to receive the underlying shares.