PATENAUDE PAMELA H. 4
4 · loanDepot, Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
loanDepot (LDI) Director Pamela H. Patenaude Converts RSUs; 24,607 Shares Surrendered
What Happened Pamela H. Patenaude, a director of loanDepot, converted/ exercised 24,607 restricted stock units (RSUs) on May 29, 2026. The filing shows an acquisition of 24,607 shares via conversion and a simultaneous disposition of the same 24,607 shares at $0, so no cash proceeds were reported.
Key Details
- Transaction date: 2026-05-29; Filing date (Form 4): 2026-06-02.
- Acquired: 24,607 shares via exercise/conversion of a derivative (code M).
- Disposed: 24,607 shares at $0.00 (no cash proceeds reported).
- Footnote: Each RSU represents a contingent right to one share of Class A common stock or, at the committee’s option, the cash value of one share.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: no late-filing flag shown in the provided data.
Context This was not an open-market purchase or sale for cash; the conversion of RSUs followed immediately by a $0 disposition typically indicates a non-sale settlement event (commonly net settlement or withholding related to taxes or other obligations), rather than a market sale or a bullish purchase. For retail investors, such conversions usually reflect routine compensation settlement and do not by themselves signal a change in insider confidence.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-29+24,607→ 342,899.729 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-05-29−24,607→ 0 total→ Class A Common Stock (24,607 underlying)
Footnotes (1)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock.