loanDepot (LDI) Joseph Grassi Receives 352,201 RSU Award

What Happened
Joseph J. Grassi III, loanDepot’s Chief Legal & Risk Officer, had 102,201 performance RSUs cancelled and replaced with 102,201 restricted stock units (RSUs) and was also awarded 250,000 additional RSUs. All transactions are derivative awards reported at $0.00 per share (no cash exchanged). The 102,201 RSUs replace prior PSUs; the 250,000 RSUs are a separate grant approved by the compensation committee.

Key Details

• Transaction date (committee approval/reporting date): August 5, 2026; Form 4 filed August 7, 2026 (timely).
• Reported transactions: D = disposition/cancellation of 102,201 PSUs @ $0.00; A = grant of 102,201 RSUs @ $0.00; A = grant of 250,000 RSUs @ $0.00.
• Total RSUs awarded/issued on report: 352,201 RSUs (derivative awards).
• Vesting:
  • 102,201 RSUs vest in three equal annual installments beginning March 16, 2027 (replacement of March 16, 2026 PSUs).
  • 250,000 RSUs vest in two equal annual installments on the first and second anniversaries of the expected grant date (grant expected September 15, 2026).
• Shares owned after the transaction: not specified in the provided summary of the filing.
• Notable: The “disposition” was the cancellation of original performance RSUs and not a sale for proceeds; the filings reflect an amendment/replace-and-grant of time-based RSUs.

Context
These are derivative compensation awards (RSUs) that give a contingent right to receive company shares at settlement after vesting; they do not represent immediate cash proceeds or open‑market buying/selling. The amendment converted performance-based PSUs (price targets) into time‑based RSUs for the 102,201 award, and the additional 250,000 RSUs were approved on August 5 and are expected to be formally granted on September 15, 2026.