LendingClub Management

Management criteria checks 3/4

LendingClub's CEO is Scott Sanborn, appointed in May 2016, has a tenure of 7.75 years. total yearly compensation is $4.56M, comprised of 11% salary and 89% bonuses, including company stock and options. directly owns 1.25% of the company’s shares, worth €9.82M. The average tenure of the management team and the board of directors is 2.9 years and 3.3 years respectively.

Key information

Scott Sanborn

Chief executive officer

US$4.6m

Total compensation

CEO salary percentage	11.0%
CEO tenure	8yrs
CEO ownership	1.3%
Management average tenure	2.9yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Scott Sanborn's remuneration changed compared to LendingClub's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$38m
Dec 31 2023	US$5m	US$500k	US$39m
Sep 30 2023	n/a	n/a	US$52m
Jun 30 2023	n/a	n/a	US$91m
Mar 31 2023	n/a	n/a	US$263m
Dec 31 2022	US$5m	US$500k	US$290m
Sep 30 2022	n/a	n/a	US$295m
Jun 30 2022	n/a	n/a	US$279m
Mar 31 2022	n/a	n/a	US$107m
Dec 31 2021	US$7m	US$500k	US$19m
Sep 30 2021	n/a	n/a	-US$37m
Jun 30 2021	n/a	n/a	-US$99m
Mar 31 2021	n/a	n/a	-US$187m
Dec 31 2020	US$6m	US$400k	-US$188m
Sep 30 2020	n/a	n/a	-US$161m
Jun 30 2020	n/a	n/a	-US$127m
Mar 31 2020	n/a	n/a	-US$59m
Dec 31 2019	US$6m	US$500k	-US$31m
Sep 30 2019	n/a	n/a	-US$44m
Jun 30 2019	n/a	n/a	-US$67m
Mar 31 2019	n/a	n/a	-US$117m
Dec 31 2018	US$6m	US$500k	-US$128m
Sep 30 2018	n/a	n/a	-US$207m
Jun 30 2018	n/a	n/a	-US$191m
Mar 31 2018	n/a	n/a	-US$155m
Dec 31 2017	US$7m	US$500k	-US$154m

Compensation vs Market: Scott's total compensation ($USD4.56M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott Sanborn (54 yo)

8yrs

Tenure

US$4,560,821

Compensation

Mr. Scott C. Sanborn has been the Chief Executive Officer of LendingClub Corporation since June 28, 2016. Mr. Sanborn served as the President of LendingClub Corporation since April 18, 2016 until May 22, 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Scott Sanborn	CEO & Director	8yrs	US$4.56m	1.25% $ 9.8m
Andrew LaBenne	Chief Financial Officer	1.7yrs	US$2.25m	0.093% $ 729.0k
Jordan Cheng	General Counsel & Secretary	less than a year	US$1.72m	0.084% $ 657.4k
Ronnie Momen	Chief Consumer Banking Officer	no data	US$2.68m	0.24% $ 1.8m
Annie Armstrong	Chief Risk Officer	no data	US$1.70m	0.29% $ 2.3m
Fergal Stack	Principal Accounting Officer & Corporate Controller	6.8yrs	no data	0.19% $ 1.5m
Balaji Thiagarajan	Chief Technology Officer	2.3yrs	no data	no data
Sameer Gokhale	Head of Investor Relations	no data	no data	no data
Tina Wilson	Chief People Officer	3.6yrs	no data	no data
Joel Schipper	Chief Audit Executive	4.3yrs	no data	no data
Amber Carroll	Senior Vice President of Membership & Lifecycle Marketing	2.9yrs	no data	no data
Mark Elliot	Chief Customer Officer	less than a year	no data	no data

2.9yrs

Average Tenure

51yo

Average Age

Experienced Management: 8LCA's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Scott Sanborn	CEO & Director	7.8yrs	US$4.56m	1.25% $ 9.8m
Allan Landon	Independent Director	3.3yrs	US$292.01k	0.071% $ 554.3k
Michael Zeisser	Independent Director	4.7yrs	US$267.51k	0.090% $ 702.9k
Timothy Mayopoulos	Independent Director	7.8yrs	US$276.56k	0.10% $ 821.4k
Stephen Cutler	Independent Director	1.2yrs	US$285.76k	0.032% $ 252.4k
Kathryn Reimann	Independent Director	1.8yrs	US$271.34k	0.023% $ 180.5k
John Morris	Independent Chairman	11.3yrs	US$289.51k	0.17% $ 1.3m
Erin Selleck	Independent Director	3.3yrs	US$292.51k	0.041% $ 318.1k
Janey Whiteside	Independent Director	1.1yrs	US$260.53k	0.017% $ 131.2k
S. Ahmad	Independent Director	1.8yrs	US$261.01k	0.023% $ 180.5k

3.3yrs

Average Tenure

63yo

Average Age

Experienced Board: 8LCA's board of directors are considered experienced (3.3 years average tenure).

LendingClub Management

Management criteria checks 3/4

Key information

Recent management updates

LendingClub Corporation, Annual General Meeting, Jun 11, 2024

Independent Director recently bought €91k worth of stock

High number of new directors

Independent Director recently bought €200k worth of stock

High number of new directors

High number of new directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.11 (vs US$0.13 in 1Q 2023)

LendingClub Corporation, Annual General Meeting, Jun 11, 2024

LendingClub Corporation to Report Q1, 2024 Results on Apr 30, 2024

Now 24% undervalued

Full year 2023 earnings released: EPS: US$0.36 (vs US$2.80 in FY 2022)

LendingClub Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Investor sentiment improves as stock rises 16%

LendingClub Corporation to Report Q4, 2023 Results on Jan 31, 2024

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 18%

Third quarter 2023 earnings released: EPS: US$0.046 (vs US$0.41 in 3Q 2022)

LendingClub Corporation to Report Q3, 2023 Results on Oct 25, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.094 (vs US$1.77 in 2Q 2022)

Now 20% undervalued

LendingClub Corporation to Report Q2, 2023 Results on Jul 26, 2023

LendingClub Corporation to Report Q2, 2023 Results on Jul 26, 2023

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 17%

Independent Director recently bought €91k worth of stock

First quarter 2023 earnings released: EPS: US$0.13 (vs US$0.40 in 1Q 2022)

High number of new directors

Investor sentiment deteriorates as stock falls 15%

Full year 2022 earnings released: EPS: US$2.80 (vs US$0.19 in FY 2021)

LendingClub Corporation to Report Q4, 2022 Results on Jan 25, 2023

Independent Director recently bought €200k worth of stock

High number of new directors

Third quarter 2022 earnings released: EPS: US$0.41 (vs US$0.27 in 3Q 2021)

LendingClub Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022

LendingClub Corporation to Report Q3, 2022 Results on Oct 26, 2022

High number of new directors

LendingClub Corporation Announces Management Changes

Second quarter 2022 earnings released: EPS: US$1.77 (vs US$0.096 in 2Q 2021)

LendingClub Corporation Provides Consolidated Earnings Guidance for the Third Quarter and Full Year 2022

LendingClub Corporation to Report Q2, 2022 Results on Jul 27, 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

LendingClub Corporation Adds Client-to-Client Sales to Its LCX Automated Loan Auction Platform

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: US$0.40 (vs US$0.49 loss in 1Q 2021)

LendingClub Corporation Revises Earnings Guidance for the Full Year 2022

LendingClub Corporation, Annual General Meeting, Jun 02, 2022

Susan Athey Intens to Not Stand for Re-Election to the Company’s Board of Directors

LendingClub Corporation to Report Q1, 2022 Results on Apr 27, 2022

MoneyLion Inc. (NYSE:ML) completed the acquisition of Even Financial, Inc. from from group of sellers for approximately $440 million.

MoneyLion Inc. (NYSE:ML) completed the acquisition of Even Financial, Inc. from from group of sellers for approximately $440 million.

LendingClub Corporation Appoints Balaji Thiagarajan as Chief Technology Officer

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Lendingclub Corporation Provides Consolidated Earnings Guidance for the First Quarter and Full Year of 2022

Forecast to breakeven in 2022

MoneyLion Inc. (NYSE:ML) agreed to acquire Even Financial, Inc. from group of seller for approximately $440 million.

Third quarter 2021 earnings released: EPS US$0.27 (vs US$0.38 loss in 3Q 2020)

Forecast to breakeven in 2022

Director Adrienne Harris has left the company

LendingClub Expands Investor Access to Personal Loans Via LCX Link

Independent Director recently bought €51k worth of stock

Chief Technology Officer Bahman Koohestani has left the company

Chief Technology Officer recently sold €123k worth of stock

High number of new directors

Second quarter 2021 earnings released: EPS US$0.096 (vs US$0.87 loss in 2Q 2020)

LendingClub Reaches Settlement with Federal Trade Commission

First quarter 2021 earnings released: US$0.49 loss per share (vs US$0.54 loss in 1Q 2020)

Lendingclub Corporation Raises Earnings Guidance for Second Quarter and Full Year 2021

Full year 2020 earnings released: US$2.07 loss per share (vs US$0.35 loss in FY 2019)

New 90-day high: €11.60

LendingClub Corporation to Report Q4, 2020 Results on Mar 10, 2021

New 90-day high: €11.19

Independent Director has left the company

Independent Director has left the company