0001831631-23-000250.txt : 20230804 0001831631-23-000250.hdr.sgml : 20230804 20230804182135 ACCESSION NUMBER: 0001831631-23-000250 CONFORMED SUBMISSION TYPE: 4/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230719 FILED AS OF DATE: 20230804 DATE AS OF CHANGE: 20230804 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Martell Frank CENTRAL INDEX KEY: 0001387655 FILING VALUES: FORM TYPE: 4/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-40003 FILM NUMBER: 231145239 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/A 1 wk-form4a_1691187687.xml FORM 4/A X0508 4/A 2023-07-19 2023-07-21 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 - 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. Revised solely to update footnote 4 included in the Reporting Person's original Form 4 filed on July 21, 2023. The original footnote inadvertently provided the incorrect vesting percentage (25% instead of 125%) in clause (vi). This Form 4/A reflects the correct vesting percentage in clause (vi). The remainder of the original Form 4 remains unchanged. /s/ Amanda Darby, as Attorney-in-Fact for Frank Martell 2023-08-04