Frank Martell - Aug 16, 2023 Form 4 Insider Report for loanDepot, Inc. (LDI)

Role
CEO and President, Director
Signature
/s/ Amanda Darby, as Attorney-in-Fact for Frank Martell
Stock symbol
LDI
Transactions as of
Aug 16, 2023
Transactions value $
$0
Form type
4
Date filed
8/18/2023, 05:28 PM
Previous filing
Aug 4, 2023
Next filing
Sep 7, 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 +280K +28.89% $0.00 1.25M Aug 16, 2023 Class A Common Stock 280K Direct F1, F2
transaction LDI Performance Share Units Award $0 +280K +28.89% $0.00 1.25M Aug 16, 2023 Class A Common Stock 280K 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.
F2 The RSUs are scheduled to vest as follows: 1/3rd on each of July 19, 2024, July 19, 2025 and July 19, 2026. 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.
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 if the average closing price of the Class A Common Stock over any 30-consecutive trading day period prior to the 5th anniversary of July 19, 2023 equals or exceeds the following share prices: (i) <$3.00 share price - 0% of target PSUs that vest; (ii) $3.00 share price - 25% of target PSUs that vest; (iii) $4.00 share price - 50% of target PSUs that vest; (iv) $5.00 share price - 75% of target PSUs that vest; (v) $6.00 share price - 100% of target PSUs that vest; (vi) $7.50 share price - 125% of target PSUs that vest; (vii) $9.00 share price - 150% of target PSUs that vest; (viii) $10.50 share price - 175% of target PSUs that vest; and (ix) $13.00 share price - 200% of target PSUs that vest. Any PSUs which have not become earned by July 19, 2028 will be forfeited.