LINTON MICHAEL 4
4 · loanDepot, Inc. · Filed Feb 7, 2022
Insider Transaction Report
Form 4
LINTON MIACHEL A
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2022-02-03−2,863→ 5,726 total→ Class A Common Stock (2,863 underlying) - Exercise/Conversion
Class A Common Stock
2022-02-03+2,863→ 13,245 total
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 12/31/21 were settled on 2/3/22 when the Issuer's trading blackout period ended and trading was permitted to commence.