Patrick Flanagan - Mar 29, 2022 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
Chief Financial Officer
Signature
/s/ Peter Macdonald, as Attorney-in-Fact for Patrick Flanagan
Stock symbol
LDI
Transactions as of
Mar 29, 2022
Transactions value $
$0
Form type
4
Date filed
3/31/2022, 05:02 PM
Previous filing
Mar 9, 2022
Next filing
Apr 1, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LDI Restricted Stock Units Award $0 +67.6K $0.00 67.6K Mar 29, 2022 Class A Common Stock 67.6K Direct F1, F2
transaction LDI Performance Share Units Award $0 +203K $0.00 203K Mar 29, 2022 Class A Common Stock 203K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock or, at the option of the Compensation Committee, the cash value of one share of Class A Common Stock.
F2 The RSUs are scheduled to vest as follows, 16,900 on each of 7/28/22, 7/28/23 and 7/28/24 and 16,901 on 7/28/25. Within 30 days following each vesting date (provided such date does not fall during a Blackout Period), Issuer will deliver the number of shares of Class A Common Stock that correspond to the number of RSUs that vested or, at the discretion of the Compensation Committee, its cash equivalent.
F3 Each performance share unit ("PSU") represents a contingent right to receive one share of Issuer's Class A Common Stock.
F4 The PSUs vest on the 4th anniversary of the grant date in proportion to specified stock price hurdles being achieved by the Issuer's Class A Common stock.