74,153 RSUs granted to LendingClub Corp (LC) chief lending officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mattics Steven C reported acquisition or exercise transactions in this Form 4 filing.
LendingClub Corp reported that its Bank Chief Lending Officer, Steven C. Mattics, received a grant of 74,153 restricted stock units (RSUs) on March 5, 2026. Each RSU represents the right to receive one share of LendingClub common stock when it vests.
The award was made under LendingClub’s 2014 Equity Incentive Plan. The RSUs are scheduled to vest as to 8.33% of the total shares on May 25, 2026, with an additional 8.33% vesting quarterly thereafter, subject to Mr. Mattics’ continued service through each vesting date. All 74,153 RSUs are reported as directly owned following this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mattics Steven C
Role
Bank - Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 74,153 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 74,153 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 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. Not applicable.
FAQ
What insider transaction did LendingClub (LC) report for Steven C. Mattics?
LendingClub reported that Bank Chief Lending Officer Steven C. Mattics received a grant of 74,153 restricted stock units. These RSUs were awarded on March 5, 2026 and are tied to future delivery of common shares as they vest over time.
How many RSUs were granted to the LendingClub (LC) chief lending officer?
Steven C. Mattics was granted 74,153 restricted stock units. Each RSU represents the contingent right to receive one share of LendingClub common stock, meaning the award could translate into 74,153 shares if all units ultimately vest and are settled in stock.
What is the vesting schedule for the 74,153 LendingClub (LC) RSUs?
The 74,153 RSUs will vest 8.33% on May 25, 2026, with an additional 8.33% vesting quarterly thereafter. Vesting is conditioned on Steven C. Mattics’ continued service through each vesting date under the company’s 2014 Equity Incentive Plan.
What does each LendingClub (LC) restricted stock unit represent in this Form 4?
Each restricted stock unit represents the contingent right to receive one share of LendingClub common stock upon vesting. No purchase price is paid for these RSUs, and the shares are delivered only if the vesting conditions are satisfied over time.
Under which plan were the LendingClub (LC) RSUs to Steven C. Mattics granted?
The RSU grant was made under LendingClub’s 2014 Equity Incentive Plan. This plan allows the company to award equity-based compensation, such as restricted stock units, to executives and other service providers to align their interests with long-term shareholder value.
Does the Form 4 show ownership type for Steven C. Mattics’ LendingClub (LC) RSUs?
Yes. The Form 4 reports that the 74,153 restricted stock units are held as direct ownership by Steven C. Mattics. The transaction is coded as a grant or award acquisition, rather than an open-market stock purchase or sale.