0001831631-22-000371.txt : 20221227
0001831631-22-000371.hdr.sgml : 20221227
20221227202128
ACCESSION NUMBER: 0001831631-22-000371
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221223
FILED AS OF DATE: 20221227
DATE AS OF CHANGE: 20221227
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Grassi Joseph J III
CENTRAL INDEX KEY: 0001609095
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40003
FILM NUMBER: 221491505
MAIL ADDRESS:
STREET 1: C/O FANNIE MAE
STREET 2: 1100 15TH STREET NW
CITY: WASHINGTON
STATE: DC
ZIP: 20005
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
wf-form4_167219047023935.xml
FORM 4
X0306
4
2022-12-23
0
0001831631
loanDepot, Inc.
LDI
0001609095
Grassi Joseph J III
C/O LOANDEPOT, INC.
6561 IRVINE CENTER DR.
IRVINE
CA
92618
0
1
0
0
Chief Risk Officer
Restricted Stock Units
2022-12-23
4
A
0
125000
0
A
Class A Common Stock
125000.0
125000
D
Performance Share Units
2022-12-23
4
A
0
125000
0
A
Class A Common Stock
125000.0
125000
D
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.
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.
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.
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.
/s/ Joseph J. Grassi III
2022-12-27