loanDepot modifies PSU award for accounting chief
loanDepot, Inc. reported that Chief Accounting Officer Darren Graeler restructured an equity award on August 5, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
loanDepot, Inc. reported that Chief Accounting Officer Darren Graeler restructured an equity award on August 5, 2026. A grant of 23,584 Performance Share Units tied to specified stock price hurdles was canceled and replaced with 23,584 Restricted Stock Units. The new RSUs vest in three equal annual installments starting March 16, 2027, based solely on continued service. The Rule 10b5-1 trading plan checkbox for these transactions is not selected.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Graeler Darren
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Share Units F1, F2 | 23,584 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F3, F2 | 23,584 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Share Units — 0 units (Direct);
Restricted Stock Units — 23,584 units (Direct)
Holdings Before and After:
Performance Share Units, 23,584 to 0 units (Direct);
Restricted Stock Units, 0 to 23,584 units (Direct)
Footnotes (3)
- F1. Each performance restricted stock unit ("PSU") represented a contingent right to receive one share of the issuer's Class A Common Stock. The PSUs were originally subject to vesting upon the issuer's Class A Common Stock achieving specified prices per share.
- F2. On August 5, 2026, the issuer's compensation committee amended the terms of the PSUs originally granted to the reporting person on March 16, 2026, to modify the PSU award to provide for ratable vesting over a three-year period, exclusively based on the reporting person's continuous services. For Form 4 reporting purposes, the amendment is reported as the cancellation of the original PSUs and the concurrent grant of replacement restricted stock units ("RSUs").
- F3. Each RSU represents a contingent right to receive, at settlement, one share of the issuer's Class A Common Stock. The RSUs vest in three equal annual increments commencing March 16, 2027, the first anniversary of the original PSU grant.
Key Figures
Performance Share Units canceled: 23,584 units
Restricted Stock Units granted: 23,584 units
RSU vesting schedule: 3 annual installments
+2 more
5 metrics
Performance Share Units canceled
23,584 units
PSUs tied to stock price hurdles canceled on August 5, 2026
Restricted Stock Units granted
23,584 units
Replacement RSUs granted on August 5, 2026 to Chief Accounting Officer
RSU vesting schedule
3 annual installments
RSUs vest in three equal annual increments commencing March 16, 2027
Original PSU grant date
March 16, 2026
Date PSUs were originally granted before later modification
Original PSU expiration date
March 16, 2029
Scheduled expiration date of the PSU award before cancellation
Key Terms
Performance Share Units, Restricted Stock Units, ratable vesting, contingent right
4 terms
Restricted Stock Units financial
"replacement restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
ratable vesting financial
"to modify the PSU award to provide for ratable vesting over a three-year period"
contingent right financial
"represented a contingent right to receive one share of the issuer's Class A Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award change did loanDepot (LDI) disclose for Darren Graeler?
loanDepot disclosed that Chief Accounting Officer Darren Graeler’s equity award was modified. 23,584 performance share units were canceled and replaced with 23,584 restricted stock units, changing the award from stock-price-based vesting to time-based vesting tied to continued service.
How many units were canceled and granted in the loanDepot (LDI) Form 4 for Darren Graeler?
The filing shows 23,584 Performance Share Units were disposed of to the issuer and 23,584 Restricted Stock Units were granted on the same date. The net number of units reported remained the same, but the award’s structure and vesting conditions changed.
What are the new vesting terms for Darren Graeler’s RSUs at loanDepot (LDI)?
The replacement RSUs vest in three equal annual increments beginning March 16, 2027. Vesting is now based exclusively on Darren Graeler’s continuous service over a three-year period, rather than on loanDepot’s Class A stock achieving specified price targets.
Were Darren Graeler’s loanDepot (LDI) transactions reported under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 trading plan checkbox is not selected for these transactions. The disclosure does not describe them as executed under any pre-arranged Rule 10b5-1 trading plan in the footnotes or transaction data.
What was the original structure of Darren Graeler’s PSU award at loanDepot (LDI)?
Each original PSU represented a contingent right to one Class A share. These PSUs were scheduled to vest only if loanDepot’s Class A Common Stock reached specified prices per share, making the award performance-based before its amendment to time-based RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
