Oportun Taps Discover Veteran Bill Franklin as CFO with $500K Salary and 276K RSUs
OPRT sits 95% above its 52-week low of $4.03.
Summary
Oportun appointed William Franklin, formerly CFO of Consumer Banking at Discover, as its new CFO effective September 8, 2026, with a compensation package including a $500,000 salary and 276,626 RSUs.
Key Events · Executive and Board Changes · OPRT
-
New CFO Appointed
William Franklin, 48, formerly SVP and CFO of Consumer Banking at Discover Financial Services, has been appointed CFO and principal financial officer effective September 8, 2026.
-
Compensation Package
The package includes an annual base salary of $500,000, a target bonus of 75% of base, a $200,000 signing bonus vesting at six months, and a new-hire equity award of 276,626 RSUs vesting over three years.
-
Finance Leadership Transition
Joseph Schueller will continue as SVP, Finance - Controller and principal accounting officer but will no longer serve as principal financial officer.
-
Strategic Context
The hire follows the June 2026 departure of the prior CFO and comes amid an activist cooperation agreement and a new bank partnership announced in July 2026.
Analysis · OPRT · Finance
The CFO vacancy at Oportun is now filled by a seasoned consumer-lending executive from Discover, bringing much-needed stability to the finance function after a period of leadership churn. The compensation package — $500,000 base, 75% target bonus, $200,000 signing bonus, and 276,626 RSUs — is substantial but standard for a public-company CFO hire. This appointment follows the June departure of the prior CFO and comes amid an activist cooperation agreement and a new bank partnership, suggesting the board is prioritizing experienced financial leadership to execute its growth strategy.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1943 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OPRT was trading at $7.87 on NASDAQ in the Finance sector, with a market capitalization of approximately $361.9M. The 52-week trading range was $4.03 to $8.30. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.