Scott Sanborn

Chief Executive Officer (CEO) at LendingClub

Board

Since June 2016

Age

55 years

Education

Holds a Bachelor of Arts (B.A.) degree from Tufts University.

Tenure

Joined LC in June 2016 and has held positions including Chief Marketing Officer (May 2010 to March 2013), Chief Operating and Marketing Officer (April 2013 to March 2016), and President (April 2016 to May 2017) before assuming the CEO role.

Also at LendingClub

Andrew LaBenne

Chief Financial Officer

Annie Armstrong

Chief Risk Officer

Jordan Cheng

General Counsel and Corporate Secretary

About

Scott Sanborn is a seasoned executive who has been at the forefront of LendingClub's growth and transformation into a publicly traded industry leader.

He began his journey at LC as Chief Marketing Officer in May 2010, gradually advancing to roles such as Chief Operating and Marketing Officer and President, before stepping into the CEO position in June 2016.

Prior to his tenure at LC, he gained valuable experience as the Chief Marketing and Revenue Officer at eHealthInsurance, contributing significantly to his expertise in marketing and revenue strategies.

Holding a Bachelor of Arts (B.A.) from Tufts University, his solid educational background complements his extensive professional achievements and strategic leadership at LendingClub.

$LC Performance Under Scott Sanborn

Past Roles

Organization	Role	Date Range	Details
LendingClub	President	April 2016 - May 2017	Held prior to CEO appointment
LendingClub	Chief Operating and Marketing Officer	April 2013 - March 2016	Role held prior to CEO appointment
LendingClub	Chief Marketing Officer	May 2010 - March 2013	Role held prior to CEO appointment
eHealthInsurance	Chief Marketing and Revenue Officer	November 2008 - February 2010	Pre-LC role

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$500,000	2024 Annual	Base Salary
Stock Awards (RSUs)	$5,613,614	Vesting per plan	157,809 RSUs at $1,349,267 and 498,754 RSUs at $4,264,347 granted on March 21, 2024
All Other Compensation	$7,340	2024 Annual	Includes miscellaneous compensation items

Performance Compensation

Data from FY 2024

Annual Cash Bonus (Non-Equity Incentive Plan)

Metric	Value	Details
Eligible Salary	$500,000	Used as base for bonus calculation
Bonus Target (%)	150%	Implies a target bonus of $750,000
Bonus Achievement (%)	135%	Actual performance level achieved
Threshold	$75,000	Minimum performance threshold
Maximum	$1,125,000	Maximum bonus cap
Payout	$1,012,500	Actual bonus paid
Evaluation Period	2024 Fiscal Year	Annual performance measurement

Performance-Based Restricted Stock Units (PBRSUs)

Metric	Value	Details
Grant Date	March 21, 2024	PBRSU grant date
Grant Date Fair Value	$1,546,886	Determined at grant for the PBRSU award
Threshold	89,991 units	Minimum performance requirement
Target	179,980 units	Target number of units awarded
Maximum	224,975 units	Cap on the number of PBRSUs
Performance Metrics	Relative TSR and Adjusted Net Income	Specific metrics include TSR and Adjusted Net Income
Vesting Schedule	3-year performance period	Vesting contingent on achieving performance targets
Evaluation Period	3 Years	Performance measured over a three-year period