LendingClub CEO Scott Sanborn's 2018 pay slips 11% to $6M
LendingClub reports 2018 executive compensation
By ExecPay News
Published: April 25, 2019
LendingClub reported fiscal year 2018 executive compensation information on April 25, 2019.
In 2018, six executives at LendingClub received on average a compensation package of $4.4M, a 6% increase compared to previous year.
Average pay of disclosed executives at LendingClub
Scott Sanborn, Chief Executive Officer, received $6M in total, which decreased by 11% compared to 2017. 83% of Sanborn's compensation, or $5M, was in stock awards. Sanborn also received $520K in non-equity incentive plan, $500K in salary, as well as $5K in other compensation.
Thomas Casey, Chief Financial Officer, received a compensation package of $5.7M, which increased by 42% compared to previous year. 70% of the compensation package, or $4M, was in stock awards.
Bahman Koohestani, Chief Technology Officer, earned $4.5M in 2018.
Steven Allocca, President, received $3.8M in 2018, which decreases by 63% compared to 2017.
Ronnie Momen, Chief Lending Officer, earned $3.8M in 2018.
Timothy Bogan, Chief Risk Officer, received $2.9M in 2018, which increases by 218% compared to 2017.
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Source: SEC filing on April 25, 2019.