LendingClub director granted 13,715 RSUs
Ahmad Syed Faiz reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Ahmad Syed Faiz reported acquisition or exercise transactions in this Form 4 filing.
LendingClub Corp director Ahmad Syed Faiz received an equity grant of 13,715 Restricted Stock Units (RSUs) of common stock. The award, granted under the LendingClub Corporation 2014 Equity Incentive Plan, carries a grant price of $0.00 per share as it is compensation, not a market purchase.
The footnote explains that each RSU represents the right to receive one share of common stock upon vesting. The RSUs will vest quarterly over a one-year period beginning on June 2, 2026, subject to Mr. Faiz’s continued service through each vesting date. A separate entry in the filing shows 85,263 shares of common stock held directly as an existing position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,715 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Represents the annual non-employee director equity award of Restricted Stock Units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The RSUs will vest quarterly over a one-year period beginning on June 2, 2026, subject to continued service through each vesting date.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
2014 Equity Incentive Plan financial
non-employee director equity award financial
vesting financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did LendingClub (LC) director Ahmad Syed Faiz report in this Form 4?
How many LendingClub (LC) RSUs were granted to Ahmad Syed Faiz and at what price?
What is the vesting schedule for Ahmad Syed Faiz’s 13,715 LendingClub (LC) RSUs?
Under which plan were the LendingClub (LC) RSUs to Ahmad Syed Faiz granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.