loanDepot CDO Dominick Marchetti Receives RSU Awards

What Happened

• Dominick Marchetti, Chief Digital Officer of loanDepot (LDI), had 393,081 performance restricted stock units (PSUs) canceled and was granted replacement restricted stock units (RSUs) totaling 1,143,081 shares on August 5, 2026. No cash changed hands — the PSU cancellation is reported as a disposition to the issuer and the RSU grants are reported as awards.
• The replacement awards are time‑based RSUs: 393,081 RSUs vest ratably over three years starting March 16, 2027 (the first anniversary of the original PSU grant); 750,000 RSUs are expected to be granted on September 15, 2026 and vest in two equal annual installments thereafter. All RSUs represent a contingent right to receive one share each at settlement.

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026.
• Reported entries: cancellation/disposition of 393,081 PSUs (derivative, $0 proceeds) and grants of 393,081 RSUs and 750,000 RSUs (both derivative awards, $0 purchase price).
• Vesting: 393,081 RSUs — three equal annual tranches beginning March 16, 2027; 750,000 RSUs — two equal annual tranches, expected grant date September 15, 2026.
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnotes explain the PSU→RSU amendment: original performance conditions were removed and awards converted to time‑based RSUs (see footnotes F1–F5 in filing).

Context

• This is a non‑market compensation adjustment (award/grant), not a buy or sell of stock on the open market. Such conversions typically reflect a change in award terms (here, from performance‑based to time‑based vesting) rather than the insider taking a public market position.
• No cash was paid or received and there is no indication of an immediate sale of shares; the awards vest over future service periods.