0001831631-23-000237.txt : 20230721
0001831631-23-000237.hdr.sgml : 20230721
20230721173057
ACCESSION NUMBER: 0001831631-23-000237
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230719
FILED AS OF DATE: 20230721
DATE AS OF CHANGE: 20230721
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Martell Frank
CENTRAL INDEX KEY: 0001387655
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40003
FILM NUMBER: 231103385
MAIL ADDRESS:
STREET 1: 10 GASTON FARMS ROAD
CITY: GREENWICH
STATE: CT
ZIP: 06831
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: loanDepot, Inc.
CENTRAL INDEX KEY: 0001831631
STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199]
IRS NUMBER: 853948939
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6561 IRVINE CENTER DRIVE
CITY: IRVINE
STATE: CA
ZIP: 92618
BUSINESS PHONE: (949) 434-5964
MAIL ADDRESS:
STREET 1: 6561 IRVINE CENTER DRIVE
CITY: IRVINE
STATE: CA
ZIP: 92618
4
1
wk-form4_1689975048.xml
FORM 4
X0508
4
2023-07-19
0
0001831631
loanDepot, Inc.
LDI
0001387655
Martell Frank
C/O LOANDEPOT, INC.
6561 IRVINE CENTER DR.
IRVINE
CA
92618
1
1
0
0
CEO and President
0
Restricted Stock Units
2023-07-19
4
A
0
969162
0
A
Class A Common Stock
969162
969162
D
Performance Share Units
2023-07-19
4
A
0
969162
0
A
Class A Common Stock
969162
969162
D
Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share of Class A Common Stock.
The RSUs are scheduled to vest as follows: 1/3rd on each of the first three anniversaries of the date of grant. 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.
Each performance share unit ("PSU") represents a contingent right to receive on share of Class A Common Stock.
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 the grant date 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 - 25% 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.
/s/ Amanda Darby, as Attorney-in-Fact for Frank Martell
2023-07-21