LendingClub (LC) director Erin Selleck awarded 13,715 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Selleck Erin reported acquisition or exercise transactions in this Form 4 filing.
LendingClub Corp director Erin Selleck reported an equity compensation grant rather than an open-market trade. She received an annual non-employee director award of 13,715 Restricted Stock Units (RSUs) under the LendingClub Corporation 2014 Equity Incentive Plan at a stated price of $0.00 per unit.
Each RSU represents the right to receive one share of LendingClub common stock upon vesting. The RSUs will vest quarterly over a one-year period beginning on June 2, 2026, subject to her continued service. Following the reported transactions, she directly holds 83,548 shares of LendingClub common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Selleck Erin
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
RSU grant price: $0.00 per unit
Vesting start date: June 2, 2026
+1 more
4 metrics
RSU grant size
13,715 RSUs
Annual non-employee director equity award
RSU grant price
$0.00 per unit
Stated transaction price per RSU
Vesting start date
June 2, 2026
Quarterly vesting over one year begins
Shares held after
83,548 shares
Direct common stock holdings following transactions
Key Terms
Restricted Stock Units ("RSUs"), 2014 Equity Incentive Plan, non-employee director equity award
3 terms
Restricted Stock Units ("RSUs") financial
"Represents the annual non-employee director equity award of Restricted Stock Units ("RSUs") made under the LendingClub Corporation 2014 Equity Incentive Plan."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2014 Equity Incentive Plan financial
"RSUs made under the LendingClub Corporation 2014 Equity Incentive Plan."
non-employee director equity award financial
"Represents the annual non-employee director equity award of Restricted Stock Units ("RSUs")."
FAQ
What did Erin Selleck report in her LendingClub (LC) Form 4 filing?
Erin Selleck reported an equity compensation grant, not an open-market trade. She received 13,715 Restricted Stock Units as her annual non-employee director equity award under the LendingClub Corporation 2014 Equity Incentive Plan.
How many Restricted Stock Units did LendingClub (LC) grant to director Erin Selleck?
LendingClub granted Erin Selleck 13,715 Restricted Stock Units. These RSUs are part of her annual non-employee director equity award and each RSU represents the contingent right to receive one share of LendingClub common stock upon vesting.
What are the vesting terms of Erin Selleck’s 13,715 RSUs at LendingClub (LC)?
Erin Selleck’s 13,715 RSUs will vest quarterly over a one-year period. Vesting begins on June 2, 2026, and is subject to her continued service through each vesting date before shares of common stock are delivered.
Is Erin Selleck’s Form 4 transaction at LendingClub (LC) a stock purchase or compensation grant?
The Form 4 shows a compensation-related grant, not a stock purchase. The 13,715 shares are Restricted Stock Units awarded as an annual non-employee director equity grant under the company’s 2014 Equity Incentive Plan at a stated price of $0.00.