Joseph J. Grassi III - Dec 23, 2022 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
Chief Risk Officer
Signature
/s/ Joseph J. Grassi III
Stock symbol
LDI
Transactions as of
Dec 23, 2022
Transactions value $
$0
Form type
4
Date filed
12/27/2022, 07:21 PM
Previous filing
Sep 23, 2022
Next filing
Sep 14, 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 +125K $0.00 125K Dec 23, 2022 Class A Common Stock 125K Direct F1, F2
transaction LDI Performance Share Units Award $0 +125K $0.00 125K Dec 23, 2022 Class A Common Stock 125K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant was pursuant to the terms of an employment arrangement. 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: 25% on each of 9/12/23, 9/12/24, 9/12/25, and 9/12/26.
F3 Grant was pursuant to the terms of an employment arrangement. 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 on 12/31 of the calendar year during which the specified stock price hurdles is achieved by the Issuer's Class A Common Stock, in proportion to such achievement up to 150% of the PSUs granted; provided that if such hurdles are achieved during 2022, the related portion of PSUs will vest on 12/31/23. Any PSUs which have not become earned by the fourth anniversary of the grant date will be forfeited.