Grassi Joseph J III 4
4 · loanDepot, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
loanDepot (LDI) Chief Legal & Risk Officer Joseph Grassi Receives RSU Award
What Happened
- Joseph J. Grassi III, Chief Legal & Risk Officer of loanDepot, received an award of 44,247 restricted stock units (RSUs) on 2026-06-15. The reported acquisition price is $0.00 (typical for RSU grants); no cash changed hands at grant.
- This is an equity award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-15; Form 4 filed: 2026-06-16 (timely filing).
- Award: 44,247 RSUs; reported acquisition price: $0.00.
- Vesting: RSUs vest ratably on June 15 of 2027, 2028, and 2029 (per filing footnote).
- Shares owned after transaction: not specified in this filing.
- Filing appears timely (reported the day after the grant); no 10b5-1 plan, tax withholding, or cashless exercise indicated.
Context
- RSUs are a contingent right to receive shares at settlement; each RSU here represents one share of Class A common stock when vested and settled.
- This is a compensation award (common for executives) rather than a market signal like a purchase or sale; its ultimate value depends on loanDepot's future share price at vesting.
Insider Transaction Report
Form 4
Grassi Joseph J III
Chief Legal & Risk Officer
Transactions
- Award
Restricted Stock Units
[F1]2026-06-15+44,247→ 44,247 total→ Class A Common Stock (44,247 underlying)
Footnotes (1)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock. The RSUs are scheduled to vest ratably on June 15, 2027, June 15, 2028, and June 15, 2029.
Signature
/s/ Greg Smith, as Attorney-in-Fact for Joseph J. Grassi III|2026-06-16