Grassi Joseph J III 4
4 · loanDepot, Inc. · Filed Dec 27, 2022
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.