FLANAGAN PATRICK J 4
4 · loanDepot, Inc. · Filed Dec 27, 2022
Insider Transaction Report
Form 4
FLANAGAN PATRICK J
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2022-12-23+500,000→ 500,000 total→ Class A Common Stock (500,000 underlying) - Award
Performance Share Units
2022-12-23+500,000→ 500,000 total→ Class A Common Stock (500,000 underlying) - Award
Stock Option
2022-12-23+2,000,000→ 2,000,000 totalExercise: $1.57From: 2023-12-31Exp: 2032-12-23→ Class A Common Stock (2,000,000 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock.
- [F2]The RSUs are scheduled to vest as follows: 50% on each of 6/30/23 and 6/30/24.
- [F3]Each performance share unit ("PSU") represents a contingent right to receive one share of Issuer's Class A Common Stock.
- [F4]The PSUs are scheduled to vest as follows if the specified stock price hurdles are achieved by the Issuer's Class A Common Stock, in proportion to such achievement: (i) one-half of the target PSUs at up to 150% on 6/30/23, and (ii) all of the target PSUs at up to 150% on 6/30/24 (less the PSUs that vested on 6/30/23). Any PSUs which have not become earned by 6/30/24 will be forfeited.