loanDepot grants new RSUs to CFO David Hayes
loanDepot, Inc. reported that its Chief Financial Officer, David R. Hayes, had 518,867 performance share units cancelled and an equivalent number of restricted stock units granted after a change in award terms.
Rhea-AI Filing Summary
loanDepot, Inc. reported that its Chief Financial Officer, David R. Hayes, had 518,867 performance share units cancelled and an equivalent number of restricted stock units granted after a change in award terms. The replacement RSUs vest in three equal annual installments starting March 16, 2027.
The compensation committee also approved an additional grant of 750,000 restricted stock units tied to Class A common stock, expected to be granted on September 15, 2026 and vesting in two equal annual increments. These awards are based on continued service rather than stock-price performance targets.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hayes David R
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Share Units F1, F2 | 518,867 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F3, F2 | 518,867 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F4, F5 | 750,000 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Share Units — 0 contracts (Direct);
Restricted Stock Units — 1,268,867 contracts (Direct)
Footnotes (5)
- 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.
- F4. Each RSU represents a contingent right to receive, at settlement, one share of the issuer's Class A Common Stock. The RSUs vest in two equal annual increments on the first and second anniversaries of the grant date, which is expected to be September 15, 2026.
- F5. The transaction date is the date that the RSU terms were approved by the issuer's compensation committee. The RSUs are expected to be granted on September 15, 2026.
Key Figures
Performance share units cancelled: 518,867 units
Replacement RSUs granted: 518,867 units
Additional RSUs approved: 750,000 units
+2 more
5 metrics
Performance share units cancelled
518,867 units
PSUs tied to stock-price targets disposed to issuer on August 5, 2026.
Replacement RSUs granted
518,867 units
Time-based RSUs vest in three equal annual increments commencing March 16, 2027.
Additional RSUs approved
750,000 units
New RSUs expected to be granted on September 15, 2026, vest in two equal annual increments.
Original PSU grant date
March 16, 2026
Date the original performance share units were granted to the CFO.
Original PSU expiration date
March 16, 2029
Expiration date reported for the cancelled performance share units.
Key Terms
Performance Share Units, Restricted Stock Units, ratable vesting, contingent right
4 terms
Restricted Stock Units financial
"replacement restricted stock units ("RSUs") vest in three equal annual increments"
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
"modified the PSU award to provide for ratable vesting over a three-year period"
contingent right financial
"Each RSU represents a contingent right to receive, at settlement, one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity award changes did loanDepot (LDI) report for its CFO?
loanDepot reported that CFO David R. Hayes had 518,867 performance share units cancelled and an equivalent number of time-based RSUs granted. The company also approved an additional 750,000 RSUs, expected to be granted later in 2026 with two-year vesting.
What are the vesting terms of the replacement RSUs for LDI’s CFO?
The replacement RSUs for loanDepot’s CFO cover 518,867 units and vest in three equal annual installments. Vesting begins on March 16, 2027, the first anniversary of the original PSU grant, and is based solely on the executive’s continuous service with the company.
What are the details of the additional 750,000 RSUs approved for loanDepot (LDI) CFO?
An additional 750,000 RSUs tied to Class A common stock were approved for the CFO. They are expected to be granted on September 15, 2026 and will vest in two equal annual increments on the first and second anniversaries of that grant date.
Were the reported LDI insider equity transactions made under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox in the filing was not marked, indicating no plan was affirmed at the form level. The accompanying footnotes describe award term changes and vesting, but do not reference any pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
