LendingClub (LC) Director Landon Allan R Receives RSU Award

What Happened Landon Allan R, a director of LendingClub Corp (LC), was granted 13,715 restricted stock units (RSUs) on June 2, 2026. The Form 4 reports the award as an acquisition (code A) at $0.00 per unit (13,715 RSUs acquired). This was a compensation grant to a non-employee director rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-02; Report filed: 2026-06-04 (filed timely).
• Transaction type/code: Grant/Award (A).
• Shares/units granted: 13,715 RSUs; reported price: $0.00 (award, not a cash purchase).
• Shares owned following the transaction: Not specified in this filing.
• Footnote: RSUs represent the contingent right to receive one share per vested RSU. Vesting occurs quarterly over one year beginning June 2, 2026, subject to continued service (annual non-employee director award).

Context RSU grants to directors are routine compensation and do not represent an outright purchase or sale of stock; they convert into common shares only as they vest. Since this is a grant, it’s not necessarily an immediate bullish or bearish signal about the director’s personal buying/selling intent.