LINTON MICHAEL 4
4 · loanDepot, Inc. · Filed Nov 5, 2021
Insider Transaction Report
Form 4
LINTON MIACHEL A
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2021-11-03+2,862→ 10,382 total - Exercise/Conversion
Restricted Stock Units
2021-11-03−2,862→ 8,589 total→ Class A Common Stock (2,862 underlying)
Footnotes (2)
- [F1]As per the Restricted Stock Unit Award Agreement dated 8/6/21 ("Agreement"), restricted stock units ("RSUs") vest in a first installment of 2,862 on 9/30/21 and then 3 installments of 2,863 each on 12/31/21, 3/31/22, and 6/8/22. Within 30 days following vesting of RSUs (provided such date does not fall during a Blackout Period), Issuer shall deliver the number of shares of Class A Common Stock that correspond to the number of RSUs that vested on the vesting date or, at the discretion of the Compensation Committee, its cash equivalent.
- [F2]In accordance with the terms of the Agreement, RSUs vested on 9/30/21 were settled on 11/3/21 when the Issuer's trading blackout period ended and trading was permitted to commence.