loanDepot (NYSE: LDI) awards 44,247 RSUs to Chief Legal & Risk Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grassi Joseph J III reported acquisition or exercise transactions in this Form 4 filing.
loanDepot, Inc. reported that Chief Legal & Risk Officer Joseph J. Grassi III received a grant of 44,247 restricted stock units (RSUs) tied to the company’s Class A common stock. Each RSU represents the right to receive one share upon settlement.
The RSUs are scheduled to vest in three equal annual installments on June 15, 2027, June 15, 2028, and June 15, 2029. Following this award, the filing shows Grassi holding 44,247 RSUs directly, reflecting a compensation-related equity grant rather than an open‑market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grassi Joseph J III
Role
Chief Legal & Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 44,247 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 44,247 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 44,247 restricted stock units
Vesting date 1: June 15, 2027
Vesting date 2: June 15, 2028
+2 more
5 metrics
RSU grant size
44,247 restricted stock units
Grant to Chief Legal & Risk Officer
Vesting date 1
June 15, 2027
First RSU tranche vests
Vesting date 2
June 15, 2028
Second RSU tranche vests
Vesting date 3
June 15, 2029
Final RSU tranche vests
Post-transaction RSU holdings
44,247 RSUs
Direct holdings after grant
Key Terms
Restricted Stock Units, Class A Common Stock, vest ratably
3 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive, at settlement, one share"
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.
Class A Common Stock financial
"one share of Class A Common Stock. The RSUs are scheduled to vest ratably"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vest ratably financial
"The RSUs are scheduled to vest ratably on June 15, 2027, June 15, 2028, and June 15, 2029."
FAQ
What equity award did loanDepot (LDI) grant to Joseph J. Grassi III?
loanDepot granted Joseph J. Grassi III 44,247 restricted stock units (RSUs) tied to Class A common stock. Each RSU represents a contingent right to receive one share at settlement, functioning as stock-based compensation for the executive.
When do Joseph J. Grassi III’s new loanDepot (LDI) RSUs vest?
The 44,247 RSUs granted to Joseph J. Grassi III vest in three equal installments on June 15, 2027, June 15, 2028, and June 15, 2029. This creates a multi‑year retention and incentive structure for the executive.
Is Joseph J. Grassi III’s loanDepot (LDI) RSU grant an open-market stock purchase?
No, the filing shows a grant of restricted stock units, not an open-market stock purchase. The RSUs are an equity compensation award that convert into Class A common shares only upon future vesting and settlement.
How many loanDepot (LDI) RSUs does Joseph J. Grassi III hold after this grant?
After the reported transaction, Joseph J. Grassi III holds 44,247 restricted stock units directly. These RSUs will settle into shares of Class A common stock as they vest over the 2027–2029 schedule described in the filing.
What does each loanDepot (LDI) restricted stock unit represent in this Form 4?
Each restricted stock unit represents a contingent right to receive one share of loanDepot Class A common stock at settlement. The units themselves do not deliver shares until the specified vesting dates are reached and the award is settled.