Form 4: loanDepot CFO David R. Hayes Reports Stock Transactions
SEC Form 4 Filing
loanDepot's CFO, David R. Hayes, reports the vesting and subsequent disposal of restricted stock units, along with tax withholding transactions.
Summary
- David R. Hayes, the Chief Financial Officer of loanDepot, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On April 15, 2025, 117,021 restricted stock units (RSUs) vested and were converted into Class A Common Stock.
- Hayes disposed of 41,871 shares of Class A Common Stock to cover tax obligations at a price of $1.12 per share.
- Following these transactions, Hayes directly owns 318,379 shares of Class A Common Stock and 234,042 Restricted Stock Units.
- The remaining RSUs are scheduled to vest ratably on April 15, 2026, and April 15, 2027.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership. It doesn't indicate any significant positive or negative sentiment.
Future Outlook
The remaining RSUs are scheduled to vest ratably on April 15, 2026 and April 15, 2027.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs and subsequent sale for tax purposes is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of earliest transaction: Vesting of 117,021 Restricted Stock Units and disposal of 41,871 shares for tax obligations. |
| 04/15/2026 | Scheduled vesting date for a portion of the remaining Restricted Stock Units. |
| 04/15/2027 | Scheduled vesting date for the remaining Restricted Stock Units. |
| 04/16/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, loanDepot, LDI, David R. Hayes, CFO, restricted stock units, Class A Common Stock, beneficial ownership, vesting, tax withholding
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