LendingClub CEO Scott Sanborn's 2019 pay rises 2% to $6.1M
LendingClub reports 2019 executive compensation
By ExecPay News
Published: April 19, 2022
LendingClub reported fiscal year 2019 executive compensation information on April 19, 2022.
In 2019, six executives at LendingClub received on average a compensation package of $3.4M, a 23% decrease compared to previous year.
Average pay of disclosed executives at LendingClub
Scott Sanborn, Chief Executive Officer, received $6.1M in total, which increased by 2% compared to 2018. 84% of Sanborn's compensation, or $5.1M, was in stock awards. Sanborn also received $490K 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 $3.8M, which decreased by 33% compared to previous year. 80% of the compensation package, or $3M, was in stock awards.
Steven Allocca, President, earned $3.3M in 2019, a 13% decrease compared to previous year.
Timothy Bogan, Chief Risk Officer, received $2.6M in 2019, which decreases by 8% compared to 2018.
Brandon Pace, General Counsel, earned $2.5M in 2019.
Ronnie Momen, Chief Consumer Banking Officer, received $2.1M in 2019, which decreases by 45% compared to 2018.
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Source: SEC filing on April 19, 2022.