Hayes David R 4
4 · loanDepot, Inc. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
loanDepot (LDI) CFO David R. Hayes Exercises Equity Awards
What Happened
David R. Hayes, CFO of loanDepot, had 117,021 performance stock units (PSUs) convert/vest on April 15, 2026, resulting in the acquisition of 117,021 shares. To satisfy tax withholding, 41,988 shares were surrendered at $1.55 per share, totaling $65,081, leaving a net delivery of 75,033 shares. The PSU vesting was recorded April 15 and settled April 16 due to an administrative processing delay.
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (filed timely).
- Codes: M = exercise/conversion of derivative (PSU); F = payment of exercise price / tax withholding.
- Shares acquired (conversion): 117,021; shares withheld for taxes: 41,988 @ $1.55 = $65,081. Net shares delivered: ~75,033.
- Footnotes: PSUs vested 4/15/2026 and settled 4/16/2026 (tax price based on 4/15). Some RSUs/PSUs remain scheduled to vest on April 15, 2027.
- Shares owned after transaction: not specified in the provided filing.
Context
This was a conversion/settlement of equity awards with shares withheld to cover tax obligations (a routine, cashless-type settlement), rather than an open-market purchase or sale. Derivative-code (M) entries indicate exercise/conversion of award units; (F) indicates shares surrendered for tax withholding. Such withholding transactions are commonly administrative and do not by themselves signal insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-15+117,021→ 725,396 total - Tax Payment
Class A Common Stock
2026-04-15$1.55/sh−41,988$65,081→ 683,408 total - Exercise/Conversion
Class A Common Stock
[F2][F3]2026-04-15+117,021→ 800,429 total - Tax Payment
Class A Common Stock
[F2]2026-04-15$1.55/sh−41,988$65,081→ 758,441 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-15−117,021→ 117,021 total→ Class A Common Stock (117,021 underlying) - Exercise/Conversion
Performance Share Units
[F3][F2]2026-04-15−117,021→ 117,021 total→ Class A Common Stock (117,021 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock. The remaining RSUs are scheduled to vest on April 15, 2027.
- [F2]The PSUs vested on April 15, 2026, and settled on April 16, 2026, due to an administrative processing delay. The tax-withholding price was based on April 15, 2026.
- [F3]Each performance stock unit ("PSU") granted on April 15, 2024, represented a contingent right to receive one share of Class A Common Stock upon LDI achieving one fiscal quarter of positive adjusted net income. The remaining PSUs are scheduled to vest on April 15, 2027.