loanDepot (NYSE: LDI) restructures PSU award, grants 1.14M RSUs
Rhea-AI Filing Summary
loanDepot, Inc. updated equity awards for Chief Digital Officer Dominick Edilio Marchetti. On August 5, 2026, a prior grant of 393,081 performance share units tied to stock-price targets was cancelled and replaced with 393,081 restricted stock units vesting in three equal annual installments starting March 16, 2027. The compensation committee also approved an additional award of 750,000 RSUs, expected to be granted on September 15, 2026, vesting in two equal annual increments on the first and second anniversaries of that grant. Each PSU and RSU represents a contingent right to receive one share of Class A Common Stock at settlement.
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Marchetti Dominick Edilio
Role
Chief Digital Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Share Units F1, F2 | 393,081 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F3, F2 | 393,081 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F4, F5 | 750,000 | $0.00 | $0.00 |
Holdings After Transaction:
Performance Share Units — 0 shares (Direct);
Restricted Stock Units — 1,143,081 shares (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
Cancelled PSUs: 393,081 units
Replacement RSUs: 393,081 units
Additional RSU award: 750,000 units
+2 more
5 metrics
Cancelled PSUs
393,081 units
Performance share units returned to issuer on August 5, 2026
Replacement RSUs
393,081 units
RSUs granted in exchange for cancelled PSUs, vesting over three years
Additional RSU award
750,000 units
RSUs expected to be granted on September 15, 2026 in two annual tranches
Original PSU expiration
March 16, 2029
Stated expiration date for the cancelled PSU award
Replacement RSU vesting start
March 16, 2027
First vesting date for 393,081 replacement RSUs
Key Terms
Performance Share Units, restricted stock units, ratable vesting, contingent right to receive
4 terms
restricted stock units financial
"concurrent grant of 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 to receive financial
"Each RSU represents a contingent right to receive, at settlement, one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did loanDepot (LDI) change for its Chief Digital Officer?
loanDepot cancelled 393,081 performance share units and granted 393,081 replacement RSUs vesting over three years, plus approved an additional 750,000 RSU award. Each unit represents a contingent right to receive one Class A Common Share.
What is the vesting schedule for the new loanDepot (LDI) RSUs granted as PSU replacements?
The 393,081 replacement RSUs vest in three equal annual increments beginning March 16, 2027, the first anniversary of the original PSU grant. Vesting depends on the executive’s continuous service rather than future stock-price targets.
What are the terms of the additional 750,000 RSUs approved by loanDepot (LDI)?
An extra 750,000 RSUs is expected to be granted on September 15, 2026. These RSUs vest in two equal annual installments on the first and second anniversaries of that grant date, with each RSU settling into one share of Class A Common Stock.
How does the Form 4 transaction date relate to the new RSU grant at loanDepot (LDI)?
The August 5, 2026 transaction date reflects when the compensation committee approved the RSU terms. The Form 4 notes the 750,000 RSUs are expected to be formally granted on September 15, 2026, aligning with the vesting schedule’s start.