LendingClub (LC) Chief Risk Officer awarded 105,933 RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Haselkorn Dov Eytan reported acquisition or exercise transactions in this Form 4 filing.
LendingClub Corp Chief Risk Officer Dov Eytan Haselkorn reported receiving a grant of 105,933 Restricted Stock Units (RSUs), each representing the right to receive one share of common stock upon vesting. The award was granted under the company’s 2014 Equity Incentive Plan.
The RSUs will vest as to 33.33% of the total shares on February 25, 2027, with an additional 8.33% of the total shares vesting quarterly thereafter, contingent on Mr. Haselkorn’s continued service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haselkorn Dov Eytan
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 105,933 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 105,933 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 33.33% of the total shares on February 25, 2027, 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 Dov Eytan Haselkorn?
LendingClub reported that Chief Risk Officer Dov Eytan Haselkorn received a grant of 105,933 restricted stock units (RSUs). Each RSU represents the contingent right to receive one share of LendingClub common stock, subject to a multi-year vesting schedule and continued service conditions.
How many RSUs did LendingClub’s Chief Risk Officer receive in this Form 4?
The Chief Risk Officer received a grant of 105,933 restricted stock units. These RSUs were awarded under LendingClub’s 2014 Equity Incentive Plan and will convert into common shares only as they vest over time, provided the executive continues to serve through each vesting date.
What is the vesting schedule for the 105,933 LendingClub RSUs granted?
The RSUs vest 33.33% of the total shares on February 25, 2027. After that initial cliff vesting, an additional 8.33% of the total shares will vest quarterly, with each installment conditioned on the executive’s continued service with LendingClub through the applicable vesting dates.
Under which plan were the LendingClub RSUs to Dov Eytan Haselkorn granted?
The RSUs were granted under LendingClub’s 2014 Equity Incentive Plan. This plan allows the company to award equity-based incentives like restricted stock units, which convert into common shares only upon satisfying vesting conditions tied to time, service, or other specified requirements.
What does each LendingClub RSU granted to the Chief Risk Officer represent?
Each RSU represents the contingent right to receive one share of LendingClub common stock upon vesting. The units themselves are not shares until they vest, at which point they can settle in common stock if the vesting and continued service conditions have been satisfied.