loanDepot (LDI) Chief Accounting Officer Darren Graeler Receives Award

What Happened Darren Graeler, loanDepot’s Chief Accounting Officer, had 23,584 performance restricted stock units (PSUs) reported as cancelled and was concurrently granted 23,584 replacement restricted stock units (RSUs) on August 5, 2026. Both the cancellation (reported as a disposition to the issuer) and the new grant were reported at $0 per unit (derivative awards), so no cash changed hands. This is an amendment of an existing equity award rather than a market purchase or sale.

Key Details

• Transaction date: August 5, 2026; Form 4 filed August 7, 2026 (timely; within the typical two-business-day window).
• Reported actions: cancellation/disposition of 23,584 PSUs (code D) and concurrent grant of 23,584 RSUs (code A).
• Reported price/value: $0 per unit (derivative award conversion; not a cash transaction).
• Vesting/terms: replacement RSUs vest in three equal annual installments beginning March 16, 2027 (the first anniversary of the original PSU grant). The original PSUs had been conditioned on achieving specified stock price targets; the amended RSUs vest solely based on continued service.
• Shares owned after transaction: not specified in the provided filing.
• Footnote summary: PSUs were performance-based (F1); compensation committee amended the award to time-based RSUs (F2); each RSU equals a contingent right to one share upon settlement (F3).

Context This filing documents an award amendment converting performance-based units into time-based RSUs — a change to the vesting criteria, not an immediate transfer of shares. RSUs are contingent rights and will only result in actual shares (and potential selling or withholding) upon vesting and settlement. Because no market sale or purchase occurred, this does not directly signal buying or selling activity by the insider.