LendingClub (LC) director Michael Zeisser receives 13,715 RSUs in annual equity grant
Rhea-AI Filing Summary
ZEISSER MICHAEL P reported acquisition or exercise transactions in this Form 4 filing.
LendingClub Corp director Michael P. Zeisser reported an equity compensation grant and his current share holdings. He received an annual non-employee director award of 13,715 Restricted Stock Units (RSUs) under the LendingClub Corporation 2014 Equity Incentive Plan. Each RSU represents one share of common stock and will vest quarterly over a one-year period beginning on June 2, 2026, subject to his continued service. A separate holding entry shows 199,379 shares of common stock held directly as of the reported date.
Positive
- None.
Negative
- None.
Insights
Routine director RSU grant with time-based vesting; neutral signal.
The filing shows Michael P. Zeisser, a director of LendingClub Corp, receiving an annual non-employee director equity award of 13,715 RSUs. The grant is made under the LendingClub Corporation 2014 Equity Incentive Plan at a stated price of 0.0000 per share, indicating standard compensation rather than a market purchase.
The RSUs vest quarterly over one year starting on June 2, 2026, contingent on continued board service, which encourages short-term retention but does not reflect an active buy or sell decision. The filing also lists a separate direct holding of 199,379 common shares, providing context for the director’s existing equity exposure. Overall, this appears to be routine board compensation with a neutral impact.
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
vest quarterly over a one-year period financial
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