Form 4: LendingClub Director Kathryn Reimann Receives Equity Grant

Director Kathryn Reimann was granted 13,715 restricted stock units as part of LendingClub's annual non-employee director equity compensation.

Summary

• Director Kathryn Reimann acquired 13,715 restricted stock units (RSUs) on June 2, 2026.
• The grant is part of the annual non-employee director equity award under the 2014 Equity Incentive Plan.
• Each RSU represents a contingent right to receive one share of common stock upon vesting.
• The RSUs vest quarterly over a one-year period starting June 2, 2026, contingent on continued service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting is subject to continued service as a director.

Future Outlook

The RSUs will vest in equal quarterly installments over the one-year period following the grant date, provided the director remains in service.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of director compensation, which is standard practice for publicly traded companies to ensure board alignment with long-term corporate performance.

Comparison to Industry Standards

• The use of annual RSU grants for non-employee directors is consistent with standard corporate governance practices for U.S. financial technology companies.
• Vesting schedules of one year for director equity are common among mid-cap financial services firms.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation event.

Next Steps

• Quarterly vesting of RSUs beginning after June 2, 2026.

Key Dates

Keywords

LendingClub, LC, Form 4, Director Compensation, Equity Incentive Plan, Insider Transaction