loanDepot CIO Jeffrey DerGurahian Receives 907,232 RSUs

What Happened
Jeffrey Michael DerGurahian, Chief Investment Officer of loanDepot, reported the cancellation of 157,232 performance restricted stock units (PSUs) and the concurrent grant of replacement restricted stock units (RSUs) for the same 157,232 shares, plus an additional grant of 750,000 RSUs — 907,232 RSUs total. All transactions are reported as derivative awards with $0 cash consideration. The committee approved these changes on August 5, 2026; the Form 4 was filed August 7, 2026.

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (timely filing).
• Reported items: D (disposition/cancellation) of 157,232 PSUs at $0; A (award/grant) of 157,232 replacement RSUs at $0; A (award/grant) of 750,000 RSUs at $0.
• Reported value: $0 for all entries (derivative awards, not cash trades).
• Shares owned after transaction: not specified in the provided filing details.
• Relevant footnotes:
  • F1–F2: The original PSUs were contingent rights to one share each and were tied to stock-price performance; the compensation committee amended those PSUs to convert them into time-based RSUs and reported this as a cancellation plus replacement grant.
  • F3: The 157,232 replacement RSUs vest in three equal annual installments beginning March 16, 2027 (the first anniversary of the original PSU grant).
  • F4–F5: The 750,000 RSUs are expected to be granted on or about September 15, 2026 and will vest in two equal annual installments on the first and second anniversaries of that grant date.

Context
These actions are internal compensation adjustments: performance-based PSUs were replaced or supplemented by time-based RSUs. RSUs are a promise to deliver shares at settlement if vesting conditions are met — they are not open-market purchases or sales. Such derivative award amendments change the vesting conditions (here, replacing price-based vesting with service-based vesting) but do not involve immediate cash proceeds or share sales.