Form 4: LendingClub SVP Controller Reports Stock Vesting
Insider Transaction Report
LendingClub's SVP, Corporate Controller, Fergal Stack, reported the vesting of restricted stock units and associated tax withholding transactions.
Summary
- Fergal Stack, SVP, Corporate Controller at LendingClub Corp, reported transactions related to his beneficial ownership on August 25, 2025.
- Stack acquired a total of 10,669 shares of common stock through the vesting of Restricted Stock Units (RSUs), comprising 5,645 shares, 3,117 shares, and 1,907 shares, all at a price of $0.
- Concurrently, 4,300 shares of common stock were disposed of at a price of $16.31 per share to cover tax withholding obligations in connection with the RSU vesting.
- Following these transactions, Stack directly beneficially owns 248,834 shares of LendingClub common stock.
- The RSUs had various vesting schedules, with portions vesting quarterly starting from May 25, 2023, May 25, 2024, and May 25, 2025, respectively.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding), which are neutral in terms of company performance or strategic direction.
Positives
- Vesting of Restricted Stock Units (RSUs) indicates the fulfillment of compensation agreements for Fergal Stack.
- The increase in directly owned common stock (before tax withholding) reflects the conversion of derivative securities into equity.
Negatives
- A portion of vested shares (4,300 shares) was sold to cover tax withholding obligations, reducing the net increase in beneficial ownership.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Minor, as it's a routine compensation event for an executive, not a significant market transaction.
- Employees: Reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 05/25/2023 | Initial vesting date for a portion of 5,645 Restricted Stock Units (RSUs), with additional 8.33% vesting quarterly thereafter. |
| 05/25/2024 | Initial vesting date for a portion of 3,117 Restricted Stock Units (RSUs), with additional 8.33% vesting quarterly thereafter. |
| 05/25/2025 | Initial vesting date for a portion of 1,907 Restricted Stock Units (RSUs), with additional 8.33% vesting quarterly thereafter. |
| 08/25/2025 | Date of reported transactions, including RSU vesting and shares disposed for tax withholding. |
| 08/27/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
LendingClub, LC, Fergal Stack, SVP Corporate Controller, Form 4, insider transaction, beneficial ownership, restricted stock units, RSU vesting, stock compensation, tax withholding
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