LendingClub CFO granted 74,153 RSUs
LaBenne Andrew reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
LaBenne Andrew reported acquisition or exercise transactions in this Form 4 filing.
LendingClub Corp reported that its Chief Financial Officer, Andrew LaBenne, received a grant of 74,153 restricted stock units (RSUs) under the company’s 2014 Equity Incentive Plan. Each RSU represents the right to receive one share of LendingClub common stock if and when it vests.
The RSUs will vest as to 8.33% of the total shares on May 25, 2026, with an additional 8.33% vesting quarterly thereafter, so long as LaBenne continues in service through each vesting date. Following this grant, he is reported as directly holding 74,153 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 74,153 | $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 CFO Andrew LaBenne?
How many RSUs did the LendingClub (LC) CFO receive in this Form 4 filing?
What is the vesting schedule for Andrew LaBenne’s 74,153 LendingClub (LC) RSUs?
Under which plan were the RSUs granted to LendingClub (LC) CFO Andrew LaBenne?
Does the RSU grant to LendingClub (LC) CFO involve any purchase price?
AI-generated analysis. How Rhea-AI works. Not financial advice.