Form 4: LoanDepot CEO Frank Martell Reports Stock Transactions
SEC Form 4 Filing
Frank Martell, CEO and President of LoanDepot, reports the vesting and disposal of restricted stock units and subsequent stock ownership.
Summary
- Frank Martell, CEO and President of loanDepot, filed a Form 4 detailing changes in beneficial ownership.
- On April 15, 2025, 312,056 Class A Common Stock shares were acquired through the vesting of Restricted Stock Units (RSUs).
- Also on April 15, 2025, 312,056 shares were disposed of.
- Additionally, 158,463 shares were disposed of at a price of $1.12.
- Following these transactions, Martell directly owns 790,203 shares of Class A Common Stock.
- Martell also indirectly owns 386,846 shares through The Frank D. and Donna M. Martell Family Trust and 417,952 shares through the 2024 Trust.
- The remaining RSUs are scheduled to vest ratably on April 15, 2026 and April 15, 2027.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining RSUs are scheduled to vest ratably on April 15, 2026 and April 15, 2027.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders depending on the overall market reaction.
Key Dates
| Date | Description |
|---|---|
| 08/17/20 | Establishment date of The Frank D. and Donna M. Martell Family Trust |
| 04/15/2025 | Date of stock transactions: RSU vesting, stock disposal. |
| 04/15/2026 | Scheduled vesting date for remaining RSUs. |
| 04/15/2027 | Scheduled vesting date for remaining RSUs. |
| 04/16/2025 | Date of Form 4 signature. |
Keywords
Form 4, loanDepot, Martell, Beneficial Ownership, Stock Transaction, LDI, RSU
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