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loanDepot, Inc.·4

Mar 18, 4:48 PM ET

DerGurahian Jeffrey Michael 4

Research Summary

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Updated

loanDepot (LDI) CIO Jeffrey DerGurahian Exercises/Receives RSUs and PRSUs

What Happened

  • Jeffrey Michael DerGurahian, Chief Investment Officer of loanDepot (LDI), had derivative/award activity on March 16, 2026. The filing shows conversion/exercise of 182,482 derivative units, and receipt of awards totaling 628,930 units (157,232 RSUs and 471,698 performance RSUs). To satisfy tax withholding, 46,797 shares were disposed at $1.56 per share for proceeds of $73,003.
  • Several entries are shown at $0.00 or “N/A” because these transactions reflect conversion/settlement of restricted stock units (RSUs) and performance RSUs (PRSUs) into shares rather than open‑market purchases or traditional cash sales.

Key Details

  • Transaction date: March 16, 2026. Form filed: March 18, 2026 (filed within the typical two-business-day Form 4 window).
  • Specifics reported:
    • Exercise/conversion (code M): 182,482 derivative units (entries include both an acquisition and a $0.00 disposal line related to settlement mechanics).
    • Grant/award (code A): 157,232 RSUs and 471,698 performance RSUs (both reported at $0.00; contingent on vesting/targets).
    • Tax withholding/payment (code F): 46,797 shares disposed at $1.56 for $73,003 to cover tax obligations.
  • Shares owned after the transaction: not provided in the excerpt supplied.
  • Notable footnotes:
    • F1/F2/F5: Some RSUs vested (vest date noted as March 14, 2026, settled March 16, 2026) and RSUs generally represent a right to one share and may vest in three equal annual increments.
    • F4: PRSUs vest only if specified stock-price targets are achieved.
    • F3: DerGurahian is Managing Member of CDG Financial LLC and disclaims beneficial ownership of LDI shares held by that entity except for his pecuniary interest.

Context

  • This filing mostly documents compensation-related settlement and withholding rather than an open-market sale for investment purposes. The 46,797-share disposition appears to be a routine tax‑withholding sale (common after RSU settlement/cashless exercise).
  • Performance RSUs are contingent on stock-price goals, so those awards are not the same as immediately vested shares.
  • No outright purchases were reported in this filing; the activity is primarily awards/settlement and tax withholding.