loanDepot (LDI) CDO receives large PSU and RSU equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marchetti Dominick Edilio reported acquisition or exercise transactions in this Form 4 filing.
loanDepot, Inc. Chief Digital Officer Dominick Edilio Marchetti reported two new equity awards. He received 393,081 performance share units, each representing a potential share of Class A common stock that vests only if the stock reaches specified price targets. He also received 393,081 restricted stock units, each convertible into one Class A share, vesting in three equal annual installments starting on March 16, 2027. These are compensation-related grants rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Marchetti Dominick Edilio
Role
Chief Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 393,081 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 393,081 | $0.00 | -- |
Holdings After Transaction:
Performance Share Units — 393,081 shares (Direct);
Restricted Stock Units — 393,081 shares (Direct)
Footnotes (1)
- Each performance restricted stock unit represents a contingent right to receive one share of the issuer's Class A Common Stock. The performance rights vest upon the issuer's Class A Common Stock achieving specified prices per share. Each restricted stock unit ("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 grant.
FAQ
What insider transactions did loanDepot (LDI) report for Dominick Marchetti?
loanDepot reported that Chief Digital Officer Dominick Marchetti received two equity awards: 393,081 performance share units and 393,081 restricted stock units. Both awards are compensation grants, not open-market trades, and each unit represents a contingent right to one Class A common share.
What is the vesting schedule for the restricted stock units granted by loanDepot (LDI)?
The restricted stock units vest in three equal annual installments starting on March 16, 2027. Each RSU converts into one share of Class A common stock at settlement, so Marchetti’s actual share delivery is spread over three years, subject to continued service conditions.
Are the loanDepot (LDI) equity awards to Dominick Marchetti open-market stock purchases?
No, these awards are not open-market purchases. They are equity-based compensation grants: performance share units and restricted stock units awarded at zero exercise price, which may convert into Class A shares only as vesting and performance conditions are satisfied over time.
What security underlies the new performance and restricted stock units at loanDepot (LDI)?
Both the performance share units and restricted stock units are tied to loanDepot’s Class A common stock. Each unit, once vested and settled, entitles the holder to receive one share of Class A common stock, directly linking the awards to the company’s equity value.