4//SEC Filing
Grassi Joseph J III 4
Accession 0001831631-22-000371
CIK 0001831631other
Filed
Dec 26, 7:00 PM ET
Accepted
Dec 27, 8:21 PM ET
Size
8.1 KB
Accession
0001831631-22-000371
Insider Transaction Report
Form 4
Grassi Joseph J III
Chief Risk Officer
Transactions
- Award
Restricted Stock Units
2022-12-23+125,000→ 125,000 total→ Class A Common Stock (125,000 underlying) - Award
Performance Share Units
2022-12-23+125,000→ 125,000 total→ Class A Common Stock (125,000 underlying)
Footnotes (4)
- [F1]Grant was pursuant to the terms of an employment arrangement. 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: 25% on each of 9/12/23, 9/12/24, 9/12/25, and 9/12/26.
- [F3]Grant was pursuant to the terms of an employment arrangement. 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 on 12/31 of the calendar year during which the specified stock price hurdles is achieved by the Issuer's Class A Common Stock, in proportion to such achievement up to 150% of the PSUs granted; provided that if such hurdles are achieved during 2022, the related portion of PSUs will vest on 12/31/23. Any PSUs which have not become earned by the fourth anniversary of the grant date will be forfeited.
Documents
Issuer
loanDepot, Inc.
CIK 0001831631
Entity typeother
Related Parties
1- filerCIK 0001609095
Filing Metadata
- Form type
- 4
- Filed
- Dec 26, 7:00 PM ET
- Accepted
- Dec 27, 8:21 PM ET
- Size
- 8.1 KB