Form 4: loanDepot CFO David Hayes Reports Stock Transactions
SEC Form 4 Filing
loanDepot's CFO, David Hayes, reported the vesting and subsequent withholding of shares to cover tax obligations related to restricted stock units.
Summary
- On July 3, 2024, David Hayes, the Chief Financial Officer of loanDepot, Inc., reported transactions involving Class A Common Stock.
- Hayes acquired 194,575 shares of Class A Common Stock through the vesting of restricted stock units (RSUs).
- Simultaneously, 69,425 shares were disposed of to cover tax obligations at a price of $1.61 per share.
- Following these transactions, Hayes directly owns 125,150 shares of Class A Common Stock.
- Hayes also continues to hold 194,575 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/03/2024 | Date of stock transactions (RSU vesting and tax withholding). |
| 07/05/2024 | Date of signature on the Form 4 filing. |
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