Patrick Flanagan - Dec 23, 2022 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
Chief Financial Officer
Signature
/s/ Denise Apicella, as Attorney-in-Fact for Patrick Flanagan
Stock symbol
LDI
Transactions as of
Dec 23, 2022
Transactions value $
$0
Form type
4
Date filed
12/27/2022, 07:14 PM
Previous filing
Nov 16, 2022
Next filing
Jan 5, 2023

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 +500K $0.00 500K Dec 23, 2022 Class A Common Stock 500K Direct F1, F2
transaction LDI Performance Share Units Award $0 +500K $0.00 500K Dec 23, 2022 Class A Common Stock 500K Direct F3, F4
transaction LDI Stock Option Award $0 +2M $0.00 2M Dec 23, 2022 Class A Common Stock 2M $1.57 Direct
* 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.
F2 The RSUs are scheduled to vest as follows: 50% on each of 6/30/23 and 6/30/24.
F3 Each performance share unit ("PSU") represents a contingent right to receive one share of Issuer's Class A Common Stock.
F4 The PSUs are scheduled to vest as follows if the specified stock price hurdles are achieved by the Issuer's Class A Common Stock, in proportion to such achievement: (i) one-half of the target PSUs at up to 150% on 6/30/23, and (ii) all of the target PSUs at up to 150% on 6/30/24 (less the PSUs that vested on 6/30/23). Any PSUs which have not become earned by 6/30/24 will be forfeited.