LaBenne Andrew 4
4 · LendingClub Corp · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
LendingClub (LC) CFO Andrew LaBenne Receives RSU Award
What Happened
- Andrew LaBenne, Chief Financial Officer of LendingClub Corp (LC), received a grant of 74,153 restricted stock units (RSUs) on March 5, 2026. The filing lists the acquisition price as $0.00 because this was an award/derivative grant rather than an open‑market purchase or sale.
Key Details
- Transaction date and type: 2026-03-05 — Grant/Award (code A).
- Amount: 74,153 RSUs; price shown $0.00 (derivative award).
- Shares owned after transaction: Not disclosed in the provided filing details.
- Footnotes: F1 explains each RSU represents the contingent right to one share upon vesting. F2 states the RSUs were granted under the 2014 Equity Incentive Plan and vest 8.33% on May 25, 2026, with an additional 8.33% vesting quarterly thereafter, subject to continued service. F3: Not applicable.
- Filing timeliness: Reported on March 9, 2026 for a March 5, 2026 grant — appears to be filed within the normal two-business-day Form 4 window.
Context
- RSUs are contingent awards that convert to actual shares only as they vest; they are not an immediate cash purchase or sale. This grant is a form of compensation/retention award common for executives and does not by itself indicate immediate buying or selling of stock.
Insider Transaction Report
Form 4
LaBenne Andrew
Chief Financial Officer
Transactions
- Award
Restricted Stock Unit (RSU)
[F1][F2][F3]2026-03-05+74,153→ 74,153 totalExercise: $0.00→ Common Stock (74,153 underlying)
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.
Signature
/s/ Bhavit Sheth, attorney-in-fact|2026-03-09